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Here is what you need to know on Wednesday, May 7:

Created : 2025.05.07 15:57

Last updated : 2025.05.07

FX option expiries for May 7 NY cut at 10:00 Eastern Time via DTCC can be found below.

Created : 2025.05.07 15:25

Last updated : 2025.05.07

The official data published by the Federal Statistics Office showed Friday that Germany's Factory Orders jumped more than expected in March, suggesting that the country's manufacturing sector has picked up momentum.

Created : 2025.05.07 15:05

Last updated : 2025.05.07

EUR/USD retraces its recent gains from the previous session, hovering near 1.1360 during Wednesday's Asian session. Technical analysis on the daily chart continues to show a bullish bias, with the pair staying within an ascending channel pattern.

Created : 2025.05.07 14:53

Last updated : 2025.05.07

The GBP/USD pair attracts some sellers during the Asian session on Wednesday and erodes a part of its weekly gains registered over the past two days, to the 1.3400 mark. The intraday slide is sponsored by a modest US Dollar (USD) strength and drags spot prices below mid-1.3300s in the last hour.

Created : 2025.05.07 14:34

Last updated : 2025.05.07

Chinese President Xi Jinping said on Wednesday, "we must firmly maintain post-war international order."

Created : 2025.05.07 14:14

Last updated : 2025.05.07

Gold prices fell in India on Wednesday, according to data compiled by FXStreet.

Created : 2025.05.07 13:35

Last updated : 2025.05.07

The Japanese Yen (JPY) weakens across the board during the Asian session on Wednesday as the optimism over the US-China trade talks is seen undermining demand for traditional safe-haven assets.

Created : 2025.05.07 13:17

Last updated : 2025.05.07

USD/CAD is recovering its losses registered in the previous session, trading around 1.3790 during the Asian hours on Wednesday.

Created : 2025.05.07 12:45

Last updated : 2025.05.07

The Indian Rupee (INR) loses ground against the US Dollar (USD) during Wednesday's Asian trading session.

Created : 2025.05.07 12:04

Last updated : 2025.05.07

The NZD/USD pair retreats following an Asian session uptick to the 0.6020-0.6025 area, or over a two-week high, and for now, seems to have snapped a three-day winning streak.

Created : 2025.05.07 11:39

Last updated : 2025.05.07

The head of the China Securities Regulatory Commission (CSRC) said on Wednesday, "US tariff policy has brought great pressure to China's capital markets."

Created : 2025.05.07 10:55

Last updated : 2025.05.07

Following a meeting with the People's Bank of China (PBOC), China Securities Regulatory Commission, National Financial Regulatory Authority, the Chinese central bank Governor Pan Gosheng announces interest rates cuts.

Created : 2025.05.07 10:39

Last updated : 2025.05.07

The AUD/USD pair continues its upward momentum for the fourth consecutive session, hovering around the 0.6510 mark during Wednesday's Asian trading hours. The Australian Dollar (AUD) finds support from releasing domestic mid-tier economic data and improving global trade sentiment.

Created : 2025.05.07 10:17

Last updated : 2025.05.07

The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.2005 as compared to the previous day's fix of 7.2008 and 7.2124 Reuters estimate.

Created : 2025.05.07 10:15

Last updated : 2025.05.07

EUR/USD muddled through Tuesday's market action, marking out a fresh near-term consolidation range near the 1.1300 major handle as Fiber traders wait for a reason to move.

Created : 2025.05.07 09:05

Last updated : 2025.05.07

GBP/USD rose on Tuesday, climbing four-tenths of one percent on the day and testing the 1.3400 handle on headlines of a possible US-UK trade deal that would see the UK avoid the brunt of trade tariffs being actively pursued by the Trump administration.

Created : 2025.05.07 08:20

Last updated : 2025.05.07

The AUD/NZD pair edged lower on Tuesday, trading near the 1.0800 zone after a steady decline through the European session. Price action remained confined within the day's range, but the downside drift highlights the underlying bearish tone as the pair approaches the Asian session.

Created : 2025.05.07 07:00

Last updated : 2025.05.07

USD/JPY is trading weaker on Tuesday, hovering in the 142.00 area as safe-haven demand strengthens the Japanese Yen.

Created : 2025.05.07 06:30

Last updated : 2025.05.07

The EUR/JPY pair weakened slightly on Tuesday, hovering around the 162.00 mark after the European session, with price action holding mid-range between intraday highs and lows.

Created : 2025.05.07 06:00

Last updated : 2025.05.07