News
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USD faces downside risks despite recent stabilization – Danske Bank
Although the US dollar has found temporary support from equity gains and easing trade tensions, lingering soft data and early signs of labour market weakness suggest the greenback remains vulnerable to a gradual decline, reinforcing a bearish medium-term outlook, Danske Bank's FX analysts report.
Fxstreet
Tue, May 6
NZD/USD: Likely to trade in a range – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range vs US Dollar (USD), probably between 0.5930 and 0.5980. In the longer run, for the time being, NZD is expected to trade in a 0.5890/0.6005 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, May 6
AUD/USD: Likely to trade in a range between 0.6420 and 0.6485 – UOB Group
Australian Dollar (AUD) is likely to trade in a range between 0.6420 and 0.6485 vs US Dollar (USD). In the longer run, further AUD strength is not ruled out, but it must first break clearly above 0.6510, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, May 6
Binance Coin price signals breakout as BNB Chain announces plug-and-play AI integration
Binance Coin (BNB) is making another recovery attempt at around $600 at the time of writing on Tuesday, as the broader cryptocurrency market consolidates gains following a significant bullish turnaround in April.
Fxstreet
Tue, May 6
USD/CAD Price Forecast: Falls toward 1.3800 after retreating from levels near nine-day EMA
The USD/CAD pair is retracing its recent gains from the previous session, trading around 1.3820 during the European hours on Tuesday. The daily chart's technical analysis suggested a sustained bearish sentiment, as the pair continues to trade within a descending channel pattern.
Fxstreet
Tue, May 6
Ripple Price Prediction: XRP downside risks persist as Ripple sunsets eight-year quarterly report
Ripple (XRP) price is in a slow pullback, trading at $2.11 at the time of writing on Tuesday. Recovery has remained elusive above immediate hurdles, such as the extended descending trendline from January.
Fxstreet
Tue, May 6
Top 3 gainers Bittensor, Akash Network, Saros: AI tokens steady amid wider market consolidation
The broader cryptocurrency market is in a consolidation rut, with Bitcoin (BTC) holding above $94,000. However, select Artificial Intelligence (AI) tokens, including Bittensor, Akash Network and Saros, have remained steady in the last 24 hours.Fxstreet
Tue, May 6
Cardano Price Forecast: ADA builds bearish momentum amid on-chain weakness
Cardano (ADA) price hovers around $0.650 at the time of writing on Tuesday after falling nearly 6% over the last two days. On-chain data supports the bearish thesis, as funding rates are negative and network activity is falling.
Fxstreet
Tue, May 6
