Geopolitical risks and anticipation of US CPI data weigh on the Euro, pushing the pair to 1.1775 in early trading. The EUR/USD pair fell to 1.1775 in early Asian trading Tuesday, pressured by escalating US-Iran tensions and caution ahead of April’s US inflation report. Tra
Bessent presses Japan to prioritize monetary tightening amid 10 trillion yen in suspected currency market interventions. US Treasury Secretary Scott Bessent arrived in Tokyo to push Japan toward Bank of Japan rate hikes instead of large-scale yen intervention. The visit fo
Traders await Australia’s budget deficit forecast of A$25 billion and Q1 wage growth data amid muted AUD response to strong Chinese inflation. The Australian Dollar traded near 0.7250, failing to break above 0.7280 for a fourth session as markets await key domestic data. R
USD/CNY falls below 6.80 as China’s trade surplus surges to $84.82bn in April, bolstering the currency. The Chinese yuan strengthened to its highest level since February 2023, trading below 6.80 against the USD ahead of this week’s US-China summit. Analysts cite safe-haven
Buyers defended the 100-hour moving average at 0.5948, pushing NZDUSD toward resistance at Friday’s highs and a descending trendline. The NZDUSD pair reversed early losses during the Asian-Pacific session, bouncing from the 100-hour moving average at 0.5948 as buyers stepp
Dollar index rises 0.04% to $97.94 The U.S. dollar saw a slight increase as cautious sentiment prevailed due to ongoing geopolitical uncertainty and fluctuating risk appetite. The dollar index, which measures the greenback against a basket of major currencies, was las
XAU/USD stabilizes ahead of US inflation data, with geopolitical risks capping gains despite a softer USD. Gold prices remain steady around $4,717 after briefly touching $4,748, supported by a weaker US Dollar but constrained by rising Middle East tensions. Persistent US-I
The pair rebounds from Asia-Pacific losses as traders bet policy shifts may bolster the UK economy amid election uncertainty. GBP/USD recovered from early Asia-Pacific session declines, climbing toward the 1.3657 level last seen in early May. Buyers stepped in after initia
The British pound stabilizes slightly after local election losses raise doubts over Prime Minister Keir Starmer’s leadership and pressure UK government bonds. The British pound remains nearly flat at 1.3625 against the US dollar, down just 0.06% amid growing political unce
Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is slightly softer versus the Dollar (USD), struggling against resistance in the upper 1.17s as softer European Central Bank (ECB) expectations weigh, partly offset by better risk sentiment. They f
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