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Australian Dollar holds losses following disappointing Private Capital Expenditure data
The Australian Dollar (AUD) remains subdued for the fourth successive session on Thursday, following disappointing Private Capital Expenditure data for the first quarter.
PBOC sets USD/CNY reference rate at 7.1907 vs. 7.1894 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1907 as compared to the previous day's fix of 7.1894 and 7.2033 Reuters estimate.
Japan's Akazawa: Our basic position is to strongly request review of tariff policy
Japan's Economy Minister Ryosei Akazawa said on Thursday that his basic position is to strongly request review of tariff policy.
Explosive new intelligence report reveals Iran continues with its active nuclear weapons program
Austria's version of the FBI, the Federal Office for the Protection of the Constitution, claimed Iran is continuing with its active nuclear weapons program, which it says can be used to launch missiles over long distances, per Fox News.
US court strikes down Donald Trump's 'Liberation Day' tariffs
On Wednesday, a US federal court blocked US President Donald Trump's "Liberation Day" tariffs from going into effect, ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy. per Reuters.
US suspends exports of jet engine technology and chip software to China - New York Times
The US President Donald Trump's administration has paused some sales to China of critical US technologies, including those related to jet engines, semiconductors, and certain chemicals., per New York Times.
USD/CAD strengthens above 1.3800 ahead of US GDP release
The USD/CAD pair edges higher to near 1.3835 during the early Asian session on Thursday, bolstered by a stronger US Dollar (USD).
GBP/USD hits a second day of downside ahead of key US data
GBP/USD pared further gains on Wednesday, stumbling for a second straight session and easing back below 1.3500 after a failed attempt to recapture 1.3600 earlier this week.
RBNZ's Hawkesby sees near term growth headwinds
Reserve Bank of New Zealand (RBNZ) Governor Christian Hawkesby said on Thursday that he sees near-term growth headwinds.
US Treasury yields climb as minutes. highlight Fed wait-and-see mode
US Treasury yields climbed on Wednesday following the release of the latest Federal Reserve meeting minutes from May 6-7, which revealed the US central bank's concerns about tariffs and their impact on inflation and economic activity.
USD/CHF Price Forecast: Stalls below 0.8300 after Fed minutes
The USD/CHF halts its advance after posting back-to-back days of gains that pushed the pair to its weekly high of 0.8290; yet, buyers remain in charge, even though the major is near its opening price at 0.8270.
Banxico Quarterly Report: Sheds 2025 GDP growth to 0.1%, further easing eyed
Banco de México revealed its Quarterly Report for January -March 2025, in which the central bank revised its Gross Domestic Product (GDP) forecasts for 2025 and 2026 downward, compared to the last report of 2024.
Forex Today: US GDP, employment data and Fedspeak next on tap
The US Dollar (USD) maintained its bullish bias unchanged for the second day in a row on Wednesday amid steady optimism on the trade front, while a cautious tone from the FOMC Minutes also collaborated with the daily advance.
EUR/USD slips below 1.13 as Fed turns cautious amid looming stagflationary risk
The EUR/USD retreats below 1.1300 during the North American session as the US Dollar (USD) remains bid ahead following the release of the latest Federal Reserve (Fed) meeting minutes. High US bond yields and a slightly sour mood have driven the Greenback higher against most G7 currencies.
US Dollar Index jitters as Fed Meeting Minutes reveal increasingly-cautious Fed
The latest Meeting Minutes from the Federal Reserve's (Fed) Federal Open Market Committee (FOMC) rate meeting on May 6-7 indicate a historically rooted wait-and-see approach. At this meeting, policymakers observed that the US Dollar's (USD) status as a safe haven has recently diminished.
GBP/USD looks upward after Fed Meeting Minutes show growing caution
The Federal Reserve's (Fed) latest Meeting Minutes from the Federal Open Market Committee's (FOMC) rate meeting on May 6-7 revealed that the Fed's wait-and-see approach has deep roots.
ECB's Knot: Inflation dynamics may cause considerable challenges
European Central Bank (ECB) Governing Council member and head of the Dutch central bank De Nederlandsche Bank (DNB) noted on Wednesday that the current outlook on European inflation is murky, making it difficult for the ECB to engage in direct moves.
AUD/USD declines for the third straight day, with focus on Fed Minutes
The Australian Dollar (AUD) is facing a notable decline against the US Dollar (USD) on Wednesday as markets process the latest inflation data from Australia and anticipate the Federal Reserve's (Fed) forthcoming decisions. At the time of writing, AUD/USD trades at 0.6421, down 0.33% in the day.
EUR/GBP hovering near support as UK fiscal caution faces fresh test - Rabobank
The Pound Sterling (GBP) has had a good run in recent weeks. Notwithstanding cable's uptrend this year, EUR/GBP has dropped from the year's high close to 0.8738 on April 11 to below 0.84, where it is currently finding good support from the 200-day sma close to 0.8383.
USD/CAD edges higher ahead of FOMC Minutes, with the interest rate outlook in focus
The Canadian Dollar (CAD) is trading modestly lower against the US Dollar (USD) on Wednesday, with investors awaiting the release of the Federal Open Market Committee (FOMC) Meeting Minutes at 18:00 GMT.
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