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Pound Sterling corrects against US Dollar, while US tariff uncertainty still persists
The Pound Sterling (GBP) retraces to near 1.3550 against the US Dollar (USD) in Tuesday's European session from the three-year high around 1.3600 posted the previous day.
Fed's Kashkari: Support stance of maintaining policy rate until more clarity on tariffs
Minneapolis Federal Reserve (Fed) President Neel Kashkari said on Tuesday that he supports the stance to maintain interest rates until there is some clarity on the impact of higher tariffs on inflation.
NZD/USD returns below 0.6000 as the US Dollar bounces up
The New Zealand Dollar failed to break the Year-to-Date high at 0.6030 and is trading lower on Tuesday, weighed by a somewhat stronger US Dollar and market expectations that the RBNZ will ease its monetary policy further on Wednesday.
ECB's Šimkus: The risks that inflation will be below the goal in the future have increased
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Tuesday that "the risks that inflation will be below the goal in the future have increased."
Forex Today: US Dollar rebounds after long weekend, focus shifts to mid-tier US data
Here is what you need to know on Tuesday, May 27:
WTI falls to near $61.00 as traders expect OPEC+ to increase Oil output
West Texas Intermediate (WTI) Oil price remains subdued for the second successive session, trading around $61.10 per barrel during the early European hours on Tuesday.
ECB's Villeroy: Policy normalization in the Euro area is probably not complete
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Tuesday that "policy normalization in the Euro area is probably not complete."
EUR/GBP flat lines below 0.8400 ahead of Eurozone Consumer Confidence release
The EUR/GBP cross holds steady near 0.8390 during the early European session on Tuesday. Traders will take more cues from Consumer Confidence in the Eurozone. The attention will shift to the German Retail Sales data, which is due later on Friday.
GBP/JPY extends gains to test 194.25, favoured by a positive market mood
The Pound is trading higher for the second consecutive day on Tuesday, with the UK market returning from a long weekend on a moderately positive market mood. Trump's decision to delay a 50% tariff on Eurozone products has boosted market sentiment.The positive mood is weighing on the Japanese Yen.
FX option expiries for May 27 NY cut
FX option expiries for May 27 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
USD/CAD bounces up from seven-month lows and approaches a previous support at 1.3760
The US Dollar is showing marginal gains ahead of Tuesday's European session opening.
USD/CHF Price Forecast: Bearish outlook remains in play below 0.8250
The USD/CHF pair recovers some lost ground to near 0.8220 during the early European session on Tuesday. However, the potential upside for the pair might be limited amid the concerns over the mounting US national deficit.
US Dollar Index Price Forecast: Hovers around 99.00, with a persistent bearish bias
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent losses from the previous session. The DXY is trading around 98.80 during the Asian hours on Tuesday.
EUR/JPY Price Forecast: Bulls and bears jostle around 200-hour SMA, above mid-162.00s
The EUR/JPY cross dropped to the 162.00 mark during the Asian session on Tuesday and eroded a major part of the previous day's gains led by the optimism over the EU tariff delay.
EUR/USD gathers strength to near 1.1400 as Trump delays EU tariffs
The EUR/USD pair trades in positive territory near 1.1395 during the Asian trading hours on Tuesday. The Euro (EUR) edges higher to the highest since late April against the US Dollar (USD) after US President Donald Trump delayed the imposition of 50% tariffs on Europe.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
USD/INR trades flat amid a softer US Dollar
The Indian Rupee (INR) flat lines on Tuesday after hitting a two-week high in the previous session. A broader gain in the Asian currencies on account of a weak US Dollar (USD) could provide some support to the Indian currency.
GBP/USD maintains position above 1.3550 near 39-month highs due to risk-on mood
GBP/USD extends its winning streak for the third successive session, trading around 1.3570 during the Asian hours on Tuesday. The pair is hovering near the 39-month high of 1.3593, which was marked on Monday.
Japanese Yen refreshes monthly high against USD on strong domestic inflation data
The Japanese Yen (JPY) attracts fresh buyers during the Asian session on Tuesday following the release of strong inflation data. Adding to this, Bank of Japan (BoJ) Governor Kazuo Ueda's comments left the door open for further policy tightening by the central bank.
Australian Dollar hovers near a psychological level after retreating from six-month highs
The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for the second successive day on Tuesday. However, the AUD/USD pair maintains its position near a psychological 0.6500 level after pulling back from a six-month high of 0.6537, which was reached on Monday.
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