EUR/USD dips to 1.1296 after Trump announces steep tariffs on EU imports starting June 1. The pair rebounds to 1.1350 as US Dollar stays pressured by rising fiscal deficit concerns. Euro shrugs off ECB rate cut talk, supported by improving German GDP figures. EUR/USD recovered during the mid-North American session on Friday after diving below […]
The US Dollar Index sees the previous day’s relief rally pared back in full on Friday. Trump hints to tariffs for EU and starts to target domestic companies as well, with Apple’s Iphone facing 25% tariff. The US Dollar Index extends losses and is on its way to test a fresh two-week low near 99.14.
WTI price drifts lower to near $60.75 in Friday’s early Asian session. Oil inventories rose by 1.328 million barrels in the week ended May 16, according to the EIA. The US and Iran will hold fresh nuclear talks on Friday. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.75 during the Asian
NZD/USD edges higher to around 0.5900 in Friday’s early Asian session. New Zealand Retail Sales beat expectations in Q1. A stronger US S&P Global PMI might cap the pair’s upside. The NZD/USD pair posts modest gains near 0.5900 during the early Asian session onn Thursday. The upbeat New Zealand Retail Sales data provide some support to
USD/CAD trades in negative territory near 1.3855 in Thursday’s early Asian session. Worries about a ballooning US deficit weigh on the US Dollar. The advanced S&P Global Manufacturing and Services PMI reports will be closely watched later on Thursday. The USD/CAD pair extends its downside to around 1.3855 during the early Asian session on Thursday,
The Australian Dollar falls as the Reserve Bank of Australia implements 25 basis point rate cut. The People’s Bank of China cut its one-year Loan Prime Rate to 3.00% from 3.10% on Tuesday. The US Dollar weakened following Moody’s downgrade of the US credit rating from Aaa to Aa1. The Australian Dollar (AUD) dips against
USD/CAD weakens to around 1.3950 in Tuesday’s early Asian session. Moody’s downgrades the US credit rating to ‘AA1’, weighing on the US Dollar. A dovish turn from the BoC has fueled speculation of a June rate cut. The USD/CAD pair softens to near 1.3950 during the early Asian session on Tuesday. The Greenback edges lower
The Indian Rupee continues to weaken amid renewed USD demand from importers and persistent foreign fund outflows. USD/INR may face headwinds as the US Dollar comes under pressure following Moody’s downgrade of the US credit rating. The INR finds some support from falling crude oil prices, driven by reports of progress in US-Iran nuclear talks.
GBP/USD rises as US Dollar weakens in response to Moody’s decision to downgrade the US credit rating by one notch. A series of weak US economic indicators has strengthened expectations of further Federal Reserve rate cuts later this year. The Pound Sterling has strengthened, supported by UK GDP data released on Thursday that exceeded expectations.
The Australian Dollar faces headwinds as the Trump administration moves to add several Chinese chipmakers to its export blacklist. The AUD remains under pressure despite a strong Australian labor market report showing solid job gains in April. The US Dollar continues to trade within a narrow range, as recent US economic data has sent mixed
The US Dollar trades steady lower on Thursday despite a slew of key US economic data released. Markets see talks in Turkey between Russia and Ukraine fall apart before even starting. The US Dollar Index holds just below 101.00 and could move either way after a volatile Wednesday. The US Dollar Index (DXY), which tracks
NZD/USD finds support as the US Dollar falters amid ongoing trade-related uncertainties. Market attention now turns to Thursday’s upcoming releases of US Retail Sales and Producer Price Index (PPI) data. The New Zealand Dollar is drawing support as trade tensions between the US and China show tentative signs of easing. NZD/USD appreciates after registering a
Indian Rupee posts modest gains in Thursday’s Asian session. Optimism from the US-China trade deal underpins the US Dollar and drags the INR lower. Traders brace for the US April Retail Sales and PPI data, due later on Thursday. The Indian Rupee (INR) strengthens on Thursday. The de-escalation of a trade war between the United
The Australian Dollar holds ground as the US Dollar weakened following softer-than-expected US inflation data. Australia’s Wage Price Index rose by 0.9% QoQ in Q1, against the expected 0.8% increase. US President Donald Trump described the relationship with China as excellent. The Australian Dollar (AUD) extends its gains against the US Dollar (USD) on Wednesday
The Greenback on the backfoot this Tuesday while the US-China trade deal euphoria quickly fades. Traders see April’s US CPI release not really showing inflationary signals after Liberation Day. The US Dollar Index slips back to 101.50 after failing to reclaim the 102.00 level. The US Dollar Index (DXY), which tracks the performance of the US
AUD/USD gains ground to near 0.6420 in Monday’s early Asian session. China’s CPI fell for the third month amid ongoing economic struggles. The US and China cite progress in Geneva trade talks. The AUD/USD pair edges higher to around 0.6420 during the early Asian session on Monday. Optimism in US-China trade negotiations in Geneva, Switzerland,
AUD/USD continues to face downward pressure amid stalled US-China trade negotiations. Beijing is unlikely to ease tariffs ahead of the upcoming talks in Switzerland, fueling market uncertainty and weakening risk sentiment. President Trump has announced a “major” trade deal with the United Kingdom, although key tariffs will stay at 10%. The AUD/USD pair recovers its
