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Australia's Judo Bank Manufacturing PMI comes in at 51.7 in May, Services PMI eases to 50.5
The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) came in at 51.7 in May versus 51.7 prior, the latest data published by Judo Bank and S&P Global showed on Thursday.
US yields spike as 20-year auction flops, budget vote looms
US Treasury yields soared on Wednesday as a weaker-than-expected 20-year US bond auction ahead of the vote on the US budget in the US Congress. At the time of writing, the US 10-year T-note benchmark note surges 11 basis points at 4.601%.
EUR/USD rallies for third day as US debt fears grow ahead of US budget vote
EUR/USD extended its rally for the third consecutive day on Wednesday as the US Dollar (USD) continued to face headwinds following the credit downgrade of the United States last Friday.
President Trump's budget bill headed for vote in US Congress
The United States (US) House of Representatives is poised to begin casting votes on the Republican party's tax and budget bill that is front-loaded with many of President Donald Trump's wishlist items.
Canadian Dollar rises as Greenback withers on Wednesday
The Canadian Dollar (CAD) caught a firm bid on Wednesday, climbing one-half of one percent during the midweek market session.
Forex Today: It's PMI-day!!!
The US Dollar (USD) maintained its weekly leg lower well in place weakening to new two-week lows on the back of rising concerns over the US fiscal position in light of President Trump's tax bill and worries over the performance of the US economy.
GBP/USD soars to new yearly high as UK inflation surges, BoE rate cuts in doubt
The Pound Sterling rose to a new year-to-date (YTD) high of 1.3468 against the US Dollar on Wednesday as UK inflation rose, drifting away from the Bank of England's (BoE) 2% target, which had led to interest rate reductions earlier in the month.
NZD/USD climbs as record US trade surplus boosts Kiwi confidence
The New Zealand Dollar (NZD) continues to strengthen against the US Dollar (USD) on Wednesday, with the release of a record trade surplus in April highlighting the largest monthly goods surplus on record with the United States.
Silver Price Forecast: XAG/USD extends upside to near $33.20 on US credit downgrade
Silver price (XAG/USD) hits a fresh weekly high to near $33.20 during North American trading hours on Wednesday. The white metal strengthens as the US Dollar (USD) extends its downside on the United States (US) credit rating erosion in the wake of large debt levels and escalated fiscal imbalances.
German Chancellor Merz: There are signs US could be interested in deal with EU
German Chancellor Friedrich Merz said on Wednesday that there are signs that the United States (US) could be interested in having a trade deal with the European Union (EU), per Reuters.
EUR/JPY ticks down to near 163.00, Russia-Ukraine truce talks in focus
The EUR/JPY pair edges down to near 162.90 during North American trading hours on Wednesday. The cross ticks lower as the Japanese Yen (JPY) outperforms across the board, with investors remaining increasingly confident that the Bank of Japan (BoJ) will raise interest rates again this year.
USD/JPY dips below support as the battle between safe-haven currencies persists
The US Dollar (USD) continues to weaken against the Japanese Yen (JPY), as shifting economic conditions and central bank outlooks reshape expectations for both currencies.
Loonie strengthens for third day as core inflation rises, US Dollar stumbles
The Canadian Dollar (CAD) strengthens further against the US Dollar (USD) on Wednesday, marking a three-day rally, with USD/CAD slipping below 1.3900 as markets digest stronger-than-expected Canadian inflation figures and a broadly subdued Greenback.
JPY showing impressive gains vs. USD - Scotiabank
Japanese Yen (JPY) is entering Wednesday's NA session with an impressive 0.4% gain vs. the US Dollar (USD), a mid-performer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
US Dollar weakens for third straight day as US fiscal concerns linger
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, slips for a third consecutive day on Wednesday as markets brace for another playing field of geopolitical tensions.
GBP trades to fresh multi-year high - Scotiabank
Pound Sterling (GBP) is entering Wednesday's NA session with a 0.1% gain again the US Dollar (USD) but losses against most of the remaining G10 currencies, trading erratically in response to the release of stronger than expected inflation data, Scotiabank's Chief FX Strategist Shaun Osborne notes.
AUD/USD: Break-out soon? - OCBC
Australian Dollar (AUD) fell post-dovish RBA yesterday. AUD last at 0.6445 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD, Treasuries and US equity futures weaken - Scotiabank
The US Dollar (USD) is trading weaker on the session. It's another one of those uncomfortable 'sell everything' days for the US.
USD/JPY extends its decline - OCBC
USD/JPY extended its decline following the broad decline in USD. USD/JPY was last at 143.74 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
CAD gets a mild tailwind from narrower spreads after CPI to press gains on USD - Scotiabank
Yesterday's hotter than expected April CPI data served to dampen expectations of a June BoC rate cut, putting some moderate, downward pressure on US/Canada interest rate spreads, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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