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EUR/USD: Downtrend resumes with stable forecasts – Danske Bank
Danske Research Team notes that EUR/USD has retraced its war-linked decline and now trades around 1.18. They have revised their 1M and 3M EUR/USD forecasts to 1.18, expecting the pair to stay near current levels in the short term.Fxstreet
Fri, Apr 17
USD/INR opens lower as RBI restricts oil refiners from spot dollar purchases
The Indian Rupee (INR) opens higher against the US Dollar (USD) on Friday, as the opening of special credit lines for state-run oil buyers to meet their foreign exchange needs has strengthened the Asian currency.Fxstreet
Fri, Apr 17
USD/JPY Price Forecast: Climbs to mid-159.00s; remains confined in a familiar range
The USD/JPY pair is seen building on the previous day's goodish rebound from the 158.25 region, or over a one-week low, and gaining some follow-through positive traction on Friday. This marks the third straight day of a move up and lifts spot prices to mid-159.00s during the Asian session.
Fxstreet
Fri, Apr 17
AUD/JPY gains traction above 114.00 as RBA hike bets grow
The AUD/JPY cross trades in positive territory for the fifth consecutive day around 114.30 during the early European session on Friday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) on a hawkish stance of the Reserve Bank of Australia (RBA).
Fxstreet
Fri, Apr 17
Indonesian Rupiah hits record low vs USD on Middle East risks; USD/IDR approaches 17,200
The USD/IDR pair catches aggressive bids during the Asian session on Friday and advances to a fresh all-time peak, around 17,1885-17,190 region in the lar hour. Spot prices remain on track to register strong weekly gains and seem poised to appreciate further.Fxstreet
Fri, Apr 17
EUR/USD Price Forecast: Needs breakout above 1.1825 for a fresh rally
The EUR/USD pair trades subduedly near 1.1777 during the Asian trading session on Friday. The major currency pair has turned sideways after a two-week-long rally to near 1.1825 as investors await the announcement of another round of talks between the United States (US) and Iran.Fxstreet
Fri, Apr 17
Pound Sterling declines as BoE hike bets ease
GBP/USD loses ground for the third successive day, trading around 1.3520 during the Asian hours on Friday. The Pound Sterling (GBP) remains under pressure as traders pare back expectations for a Bank of England (BoE) rate hike, amid increasing optimism that tensions in the Middle East may be easing.Fxstreet
Fri, Apr 17
Japanese Yen softens on Middle East uncertainty, official warns of FX intervention
The USD/JPY pair gathers strength around 159.35 during the Asian trading hours on Friday. The pair extends the rally for the third consecutive day amid uncertainty in the Middle East. However, heightening intervention warnings from Japanese officials might cap the upside for USD/JPY.Fxstreet
Fri, Apr 17
Australian Dollar bulls retain control amid US-Iran diplomacy efforts, hawkish RBA
The AUD/USD pair holds steady above mid-0.7100s during the Asian session on Friday and for now, seems to have stalled the previous day's modest pullback from its highest level since June 2022. Spot prices remain on track to register strong weekly gains amid a supportive fundamental backdrop.Fxstreet
Fri, Apr 17
NZD/USD remains subdued below 0.5900 as market caution lifts US Dollar
NZD/USD remains subdued for the second successive day, trading around 0.5890 during the Asian hours on Friday. The pair weakens as the US Dollar (USD) edges higher, supported by cautious market sentiment ahead of the upcoming meeting between the United States (US) and Iran scheduled for the weekend.Fxstreet
Fri, Apr 17
EUR/USD weakens below 1.1800 as US–Iran ceasefire talks bolster US Dollar
The EUR/USD pair trades in negative territory near 1.1780 during the early Asian session on Friday. The major pair retreats from eight-week highs as traders remain cautious ahead of the next meeting between the United States (US) and Iran, scheduled for the weekend.Fxstreet
Fri, Apr 17
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