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EUR/USD fumbles again as trade deal hopes bolster Greenback bids
EUR/USD trimmed into the low end on Thursday, shedding a little over two-thirds of one percent from the day’s opening bids after US Dollar (USD) bids caught a broad-market boost following the tentative announcement of a pending trade deal between the United States (US) and the United Kingdom (UK).
EUR/USD
Fxstreet
May 8, 2025
Silver Price Forecast: XAG/USD steady above $32 as risk sentiment improves on US-China talks
Siver price held firm on Thursday as risk appetite improved on news of a US-UK trade deal, along with hopes that Sino-US tensions could be lowered, as delegations of both countries would meet in Switzerland this weekend. At the time of writing, XAG/USD trades at $32.44, down 0.15%.
Silver
Fxstreet
May 8, 2025
USD/JPY surges on Fed hold and US-UK trade optimism
The USD/JPY pair surged higher as the US Dollar (USD) strengthened following the Federal Reserve’s decision to leave interest rates unchanged, coupled with renewed optimism over US-UK trade ties.
USD/JPY
Fxstreet
May 8, 2025
Ethereum Price Forecast: ETH jumps 15%, outperforms top cryptos following US-UK trade agreement
Ethereum (ETH) is up 15% on Thursday, reclaiming the $2,000 psychological level following bullish sentiments surrounding the US-UK trade agreement. On-chain data shows investors are heavily accumulating ETH, with global trade war tensions gradually softening.
Ethereum
Fxstreet
May 8, 2025
USD/INR surges as India-Pakistan conflict takes an ugly turn
USD/INR surged to fresh highs on Thursday, bolstered by a fresh pummeling of the Indian Rupee (INR). India and Pakistan are spooling up a direct military conflict as the two countries continue to lay competing claims over the Kashmir region.
Fxstreet
May 8, 2025
Gold price falls below $3,320 as risk appetite improves on UK-US deal
Gold price tumbled for the second consecutive day as traders erased Bullion’s advance on Tuesday, which pushed its gains past the $3,400 figure. The announcement of a US-UK trade deal boosted the US Dollar (USD) to the detriment of XAU/USD, which trades at $ 3,311, down over 1.60%.
Gold
Fxstreet
May 8, 2025
US Dollar steadies after Fed, Trump comments and UK trade deal
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, trades near 100.00 on Thursday, lifted modestly by upbeat US data and expectations of extended yield differentials.
Fxstreet
May 8, 2025
USD/CHF rises as US trade optimism fades and Swiss Franc weakens on risk sentiment
The USD/CHF pair is trading higher as the US Dollar (USD) gains momentum on mixed economic signals and trade optimism, while the Swiss Franc (CHF) weakens amid broader risk-on sentiment.
USD/CHF
Fxstreet
May 8, 2025
EUR/USD Price Analysis: Euro steadies near 1.1300 as mixed signals limit momentum
The EUR/USD pair held steady around the 1.1300 area on Thursday, maintaining a neutral tone after the European session. Price action remains confined within the day’s range, reflecting a cautious market stance as traders assess the broader trend.
EUR/USD
Fxstreet
May 8, 2025
EUR softening to lower end of recent range – Scotiabank
The Euro (EUR) is soft, down 0.2% vs. the US Dollar (USD) and trading under 1.13 with an extension of Wednesday’s Fed-driven decline, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR/USD
Fxstreet
May 8, 2025
CAD is pulling back within recent range – Scotiabank
The Canadian Dollar (CAD) is soft, down 0.3% vs. the US Dollar (USD) and underperforming most of the G10 currencies in an environment of broad USD strength, extending Wednesday’s post-Fed decline, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/CAD
Fxstreet
May 8, 2025
USD extending post-Fed gains as markets focus on US/UK trade deal – Scotiabank
The US Dollar (USD) is entering Thursday’s NA session with broad strength against all of the G10 currencies and is seeing notable gains vs. Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD), and New Zealand Dollar (NZD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
May 8, 2025
Hyperliquid and Aptos Price Prediction: Exploring the impact of DeFi TVL bounce back
The cryptocurrency market is in a fresh risk-on frenzy, influencing altcoins to wake up alongside Bitcoin (BTC).
Bitcoin
Fxstreet
May 8, 2025
Mexican Peso broadly steadies even as renewed trade optimism lifts market sentiment
The Mexican Peso (MXN) swings between mild gains and losses against the US Dollar (USD) on Thursday, amid steady positioning following the Federal Reserve’s cautious tone, the upcoming announcement of a trade deal between the United States and the United Kingdom and ahead of Mexico’s latest inflatio
USD/MXN
Fxstreet
May 8, 2025
USD/CNH: The level to watch is at 7.1700 – UOB Group
US Dollar (USD) is expected to trade between 7.2070 and 7.2370 vs Chinese Yuan (CNH). In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
May 8, 2025
USD/CAD moves higher after failing to break below 1.3800 – BBH
USD/CAD climbs after a failed attempt to break key technical support at 1.3800, with ongoing trade uncertainties keeping pressure on the Canadian Dollar (CAD), BBH FX analysts report.
USD/CAD
Fxstreet
May 8, 2025
USD/JPY is still consolidating – UOB Group
Bias for US Dollar (USD) is tilted to the upside vs Japanese Yen (JPY), with scope for a test of 144.30. In the longer run, USD is still consolidating; moderating price swings point to a tighter range of 142.20/145.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY
Fxstreet
May 8, 2025
USD/JPY breaks above 144.00 after dovish BoJ minutes – BBH
USD/JPY has firmed above 144.00 as dovish BoJ signals and downgraded forecasts reinforce the view that Japan’s rate hike cycle is near its end, BBH FX analysts report.
USD/JPY
Fxstreet
May 8, 2025
NZD/USD: Likely to trade between 0.5890 and 0.6030 – UOB Group
Sharp drop appears overdone, but New Zealand Dollar (NZD) could decline to 0.5920 against US Dollar (USD) before stabilisation is likely.
NZD/USD
Fxstreet
May 8, 2025
EUR/NOK rejected at key multiyear resistance – Société Générale
EUR/NOK is retreating after a failed breakout above 12.05, with focus shifting to support near the 50-DMA and downside targets at 11.60 and 11.45, Société Générale's FX analysts note.
USD/NOK
Fxstreet
May 8, 2025
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