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DXY: Bias to sell rallies - OCBC
US Dollar (USD) fell broadly against most currencies. DXY was last at 99.59, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/CHF Price Forecast: Extends losing streak for third trading day
The USD/CHF pair slides to near 0.8240 during the European trading session, extending the losing streak for the third trading day on Wednesday.
EUR strengthens as policymakers speak to end of ECB easing cycle - Scotiabank
Euro (EUR) is up 0.5% vs. the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Mexican Peso retreats against the US Dollar ahead of Mexican Retail Sales data, US tax vote
The Mexican Peso (MXN) and the US Dollar (USD) are gearing up for a crucial day of economic and fundamental headwinds, which could offer further insight into the current and projected growth outlooks for both economies.
USD/JPY: Bias for USD is on the downside - UOB Group
There is scope for US Dollar (USD) to edge lower to 143.80 vs Japanese Yen (JPY); a sustained break below this level seems unlikely. In the longer run, the bias for USD is on the downside toward 143.80, potentially to 143.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD Price Forecast: Sets for volatility expansion
The AUD/USD pair moves higher to near 0.6460 during European trading hours on Wednesday. The Aussie pair gains as the US Dollar (USD) continues to underperform its peers on the back of the United States (US) Sovereign Credit rating erosion.
Lagarde is positive on the strong Euro - Commerzbank
News of a potential Israeli attack on Iran's nuclear facilities is causing EUR/USD to rise this morning and shows that the euro is currently still favored as a safe haven against the dollar. However, this does not seem to be a problem, at least for the ECB.
NZD/USD: Outlook remains mixed - UOB Group
New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.5905/0.5945 against the US Dollar (USD). In the longer run, outlook remains mixed, but NZD is likely to trade in a tighter range of 0.5835/0.5985, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/USD advances further on US credit downgrade, concerns over Trump's tax bill
EUR/USD jumps to near 1.1350 on Wednesday, extending its winning streak for the third trading day. The major currency pair strengthens as the US Dollar (USD) continues to face a sharp selling pressure amid the United States (US) credit rating erosion.
AUD/USD: Likely to trade in a sideways range of 0.6400/0.6450 - UOB Group
Australian Dollar (AUD) is likely to trade in a sideways range of 0.6400/0.6450 vs US Dollar (USD). In the longer run, outlook is mixed; AUD is likely to trade in a range between 0.6370 and 0.6480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Gas: Outages in Norway boost the market - ING
European natural Gas prices had a strong day yesterday, with the Title Transfer Facility (TTF) settling almost 5% higher, ING's commodity analysts Warren Patterson and Ewa Manthey note.
USD: Hoping for some positive headlines from Canada - ING
Periods of data silence often serve as a useful gauge of the market's underlying bias in FX.
ECB's Kazaks: ECB will soon reach terminal rate if baseline holds
European Central Bank (ECB) policymaker Martins Kazaks said on Wednesday, "the ECB will soon reach terminal rate if baseline holds."
GBP/USD: Major resistance at 1.3445 is likely out of reach - UOB Group
Pound Sterling (GBP) could edge higher and test 1.3420; the major resistance at 1.3445 is likely out of reach for now. In the longer run, GBP could continue to rise; based on the current momentum, it might find 1.3445 difficult to break, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/JPY remains steady near 93.00, downside appears due to hawkish tone surrounding BoJ
AUD/JPY remains steady and is holding ground near 92.80 during the Asian trading hours on Wednesday. The currency cross depreciated by more than 0.50% in the previous session following the interest rate cuts from the Reserve Bank of Australia (RBA) and the People's Bank of China (PBoC).
Gold edges higher, reclaiming $3,300, on rising geopolitical tensions and US fiscal woes
Gold (XAU/USD) breaks higher on Wednesday towards $3,308 at the time of writing, fueled by concerns that tensions in the Middle East might spiral out of control again and US fiscal woes. In late trading on Tuesday, CNN reported that Israel is considering targeting nuclear sites in Iran.
GBP: Don't take inflation spike - ING
UK inflation for April surprised on the hot side this morning, with service CPI spiking from 4.7% to 5.4% against expectations for 4.8%, ING's FX analyst Francesco Pesole notes.
EUR/USD: A sustained advance to 1.1350 is unlikely - UOB Group
EUR could rise above 1.1290; the current momentum suggests any further advance is unlikely to reach 1.1320.
EUR: 1.150 looks premature - ING
European currencies in general are enjoying good momentum, with the Swiss franc and the Swedish krona on top of this week's G10 scorecard, ING's FX analyst Francesco Pesole notes.
NZD/USD Price Forecast: Remains within a consolidation range of 0.5950/0.5900
NZD/USD is trading around 0.5940 during the European hours on Wednesday. The pair has retraced its recent losses registered in the previous session as a neutral bias persists, suggested by the technical analysis of the daily chart showing the pair is consolidating within a rectangular pattern.
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