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USD consolidates, trump criticizes Powell – Scotiabank
The US Dollar (USD) is tracking a little higher in rather calm and generally featureless trade.
Fxstreet
Thu, Apr 17
Fed’s Williams: Neutral rate is still likely low
New York Fed president John Williams told Fox Business on Thursday that monetary policy is “well positioned” and doesn’t need any tweaks right now.
Fxstreet
Thu, Apr 17
CBRT surprises markets with a rate hike to 46.00%
The Turkish central bank (CBRT) shocked investors on Thursday with a hefty 350 bps leap in its key interest rate to 46%, abruptly reversing its easing cycle and giving the lira a modest boost.
USD/TRY
Fxstreet
Thu, Apr 17
Bitcoin Price Forecast: BTC holds $84,000 despite Fed’s hawkish remarks and spot ETFs outflows
Bitcoin (BTC) is stabilizing around $84,000 at the time of writing on Thursday after facing multiple rejections around the 200-day Exponential Moving Average (EMA) at $85,000 since Saturday.
Bitcoin
Fxstreet
Thu, Apr 17
CAD: On hold with little guidance possible – MUFG
On a day in which the US Dollar (USD) sold off across G10, the Canadian Dollar (CAD) advanced by 0.7% yesterday helped in part by the decision of the Bank of Canada to hold off from cutting rates again – the first pause from the BoC since the beginning of the easing cycle in June last year.
USD/CAD
Fxstreet
Thu, Apr 17
EUR/USD holds below 1.1473 despite 1% rebound – DBS
EUR/USD rebounded 1% overnight but remains below last Friday’s 1.1473 high. The ECB is expected to cut rates by 25bps to 2.25%, and President Lagarde is expected to flag euro strength and US tariffs as key disinflationary risks, DBS' FX strategist Philip Wee notes.
EUR/USD
Fxstreet
Thu, Apr 17
USD: JPY weakens on trade deal optimism – MUFG
The US Dollar (USD) weakened into the close of trading on Wednesday but has rebounded helped in part by optimism over the pace in which the US might be willing to reach deals with key trading partners.
USD/JPY
Fxstreet
Thu, Apr 17
NZD: Renewed rise in inflation not a problem – Commerzbank
In New Zealand, a CPI indicator is published every month, but these monthly figures only cover the prices of around 44% of the basket of goods and services, Commerzbank's FX analyst Volkmar Baur notes.
NZD/USD
Fxstreet
Thu, Apr 17
AUD: Job market remains robust – Commerzbank
After losing 57,500 jobs in February, the Australian labour market rebounded slightly in March with 32,200 new jobs, Commerzbank's FX analyst Volkmar Baur notes.
AUD/USD
Fxstreet
Thu, Apr 17
Pressure builds on EUR/CHF as key support level faces retest – Société Générale
EUR/CHF is clinging to key support at 0.9210, the lower boundary of its long-standing range. While the decline has paused, a clear move above the 200-DMA (0.9410/0.9430) is needed to confirm a short-term recovery.
EUR/CHF
USD/CHF
Fxstreet
Thu, Apr 17
CAD: Waiting for the tariff impact – Commerzbank
The Bank of Canada (BoC) decided yesterday to keep interest rates unchanged and stressed that it would wait to see the impact of the US tariffs.
USD/CAD
Fxstreet
Thu, Apr 17
Neither hard data nor a rather hawkish Powell are helping the US Dollar – Commerzbank
The US Dollar (USD) had another bad day on Wednesday, suffering several losses – EUR/USD even briefly traded above 1.14. However, this was not really due to the data, which was mixed at best.
EUR/USD
Fxstreet
Thu, Apr 17
USD: Powell rejects rescuer role – ING
Fed Chair Jerome Powell delivered the clearest message since 'liberation day' yesterday, which was unquestionably hawkish, ING's FX analyst Francesco Pesole notes.
Fxstreet
Thu, Apr 17
EUR: Consensus cut, no guidance by ECB – ING
We expect a 25bp rate cut by the ECB today. Consensus is unanimous, and markets are fully pricing in the move, so the impact on the euro may prove limited, ING's FX analyst Francesco Pesole notes.
EUR/USD
Fxstreet
Thu, Apr 17
Forex Today: Market mood improves as focus shifts to ECB
Here is what you need to know on Thursday, April 17:
Fxstreet
Thu, Apr 17
XRP chart signals 27% jump after SEC-Ripple appeals pause and $50 million settlement
Ripple (XRP) stabilized above $2.00, exemplifying a similar pattern to the largest cryptocurrency by market capitalization, Bitcoin (BTC), which holds firmly above $84,000 at the time of writing on Thursday.
XRP
Fxstreet
Thu, Apr 17
NZD/USD Price Forecast: Extends rejection slide from 50% Fibo.; drops to 0.5900 neighborhood
The NZD/USD pair retreats from the vicinity of mid-0.5900s, or a fresh year-to-date high touched during the Asian session this Thursday, in reaction to stronger-than-expected consumer inflation figures from New Zealand.
NZD/USD
Fxstreet
Thu, Apr 17
FX option expiries for Apr 17 NY cut
FX option expiries for Apr 17 NY cut at 10:00 Eastern Time via DTCC can be found below.
Fxstreet
Thu, Apr 17
Japanese Yen retreats from multi-month high against USD; bullish bias remains intact
The Japanese Yen (JPY) retreats after hitting a fresh multi-month high against its American counterpart during the Asian session Thursday, though any meaningful downside still seems elusive.
USD/JPY
Fxstreet
Thu, Apr 17
PBOC sets USD/CNY reference rate at 7.2085 vs. 7.2133 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.2085 as compared to the previous day's fix of 7.2133 and 7.3083 Reuters estimate.
USD/CNH
Fxstreet
Thu, Apr 17
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