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The USD/CAD pair is retracing its recent gains from the previous session, trading around 1.3820 during the European hours on Tuesday. The daily chart's technical analysis suggested a sustained bearish sentiment, as the pair continues to trade within a descending channel pattern.

Created : 2025.05.06 18:05

Last updated : 2025.05.06

EUR/GBP seems to be attracting buyers around the 0.850 level and is awaiting another clear-cut GBP bullish catalyst for a break lower, ING's FX analyst Francesco Pesole notes.

Created : 2025.05.06 18:00

Last updated : 2025.05.06

Reports emerged yesterday morning that the Bank of England (BoE) may lower its inflation and growth forecasts at Thursday's meeting and remove the reference to 'gradual' interest rate cuts from its statement.

Created : 2025.05.06 17:58

Last updated : 2025.05.06

Tentative buildup in momentum suggests Pound Sterling (GBP) is likely to trade with a downward bias vs US Dollar (USD); any decline is unlikely to reach 1.3230.

Created : 2025.05.06 17:55

Last updated : 2025.05.06

There are no major data releases in the eurozone calendar this week, with the focus on some ECB speakers instead. Today, arch-dove Panetta speaks at an event in Asia.

Created : 2025.05.06 17:41

Last updated : 2025.05.06

Euro (EUR) is under mild downward pressure against the US Dollar (USD) and is likely to edge lower; any decline is likely limited to a test of 1.1280.

Created : 2025.05.06 17:33

Last updated : 2025.05.06

It was probably only a matter of time before reports began to emerge that Chinese companies were trying to reroute their goods through other Asian countries for export to the US.

Created : 2025.05.06 17:31

Last updated : 2025.05.06

The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is depreciating after registering gains in the previous session, trading near 99.60 during the European hours on Tuesday.

Created : 2025.05.06 17:14

Last updated : 2025.05.06

EUR/USD ticks up to near 1.1350 in Tuesday's European session. The major currency pair edges higher as the US Dollar (USD) trades cautiously, with investors focusing on the Federal Reserve's (Fed) interest rate decision, which will be announced on Wednesday.

Created : 2025.05.06 17:12

Last updated : 2025.05.06

European Union (EU) Trade Commissioner Maros Sefcovic said on Tuesday that they have "proposed 0 for 0 tariffs on industrial goods."

Created : 2025.05.06 16:56

Last updated : 2025.05.06

Swiss National Bank (SNB) Chairman Martin Schlegel said on Tuesday that "we remain committed to our mandate of price stability."

Created : 2025.05.06 16:50

Last updated : 2025.05.06

Here is what you need to know on Tuesday, May 6:

Created : 2025.05.06 16:41

Last updated : 2025.05.06

EUR/GBP retraces its recent losses from the previous session, trading around 0.8510 during the early European hours on Tuesday.

Created : 2025.05.06 16:38

Last updated : 2025.05.06

Indian Rupee (INR) crosses trade on the front foot at the beginning of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 95.65, with the EUR/INR pair rising from its previous close at 95.38.

Created : 2025.05.06 16:02

Last updated : 2025.05.06

The USD/CHF pair struggles to capitalize on a modest Asian session uptick and is currently placed near the lower boundary of its daily range amid subdued US Dollar (USD) price action.

Created : 2025.05.06 14:31

Last updated : 2025.05.06

FX option expiries for May 6 NY cut at 10:00 Eastern Time via DTCC can be found below.

Created : 2025.05.06 14:27

Last updated : 2025.05.06

The GBP/USD pair attempts to maintain its position after registering gains in the previous session, trading around 1.3300 during the Asian trading hours on Tuesday.

Created : 2025.05.06 14:19

Last updated : 2025.05.06

The EUR/USD pair reverses an Asian session tip to the 1.1280-1.1275 region on Tuesday and climbs a fresh daily high in the last hour, though it lacks strong follow-through buying.

Created : 2025.05.06 13:49

Last updated : 2025.05.06

Gold prices rose in India on Tuesday, according to data compiled by FXStreet.

Created : 2025.05.06 13:42

Last updated : 2025.05.06

The Japanese Yen (JPY) edged lower against its American counterpart during the Asian session on Tuesday, though it lacks any follow-through selling.

Created : 2025.05.06 13:26

Last updated : 2025.05.06