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NZD/USD: Any advance is unlikely to reach 0.6030 - UOB Group
New Zealand Dollar (NZD) could rise further vs US Dollar (USD), but due to the overbought conditions, any advance is unlikely to reach 0.6030. In the longer run, for a sustained advance, NZD must break and hold above 0.6030, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP/USD: Room for gains - OCBC
Pound Sterling (GBP) extended its run higher, to more than 3-year high as activity, inflation and PMI services data surprised to the upside. Pair was last at 1.3565, OCBC's FX analysts Frances Cheung and Christopher Wong note.
AUD/USD gives up some initial gains as US Dollar strives to gain ground
The AUD/USD pair gives back some of its initial gains after posting a fresh six-month high near 0.6540 on Monday. Still, the Aussie pair is up 0.35% around 0.6500 and is expected to remain on the frontfoot on renewed concerns over the safe-haven status of the US Dollar (USD).
AUD/USD: To rise above the early-month high of 0.6515 - UOB Group
There is scope for Australian Dollar (AUD) to rise above the early-month high of 0.6515 vs US Dollar (USD); any further advance is unlikely to reach 0.6550.
DXY: Pulled by gravity - OCBC
US Dollar (USD) bounced at first when Trump threatened with tariffs last Friday. But the bounce did not last, and USD extended its weakness into Monday trade. The price action underscores a re-pricing of weak USD sentiment and confidence.
البنك الأهلي وبنك مصر يخفضان معدلات الفائدة بمقدار 1% على شهادات الادخار بعد قرار البنك المركزي المصري CBE
قال الرئيس التنفيذي للبنك الأهلي المصري، محمد الإتربي، إن لجنة السياسات النقدية اجتمعت صباح اليوم وقررت تخفيض معدلات الفائدة على الشهادة ذات العائد الشهري لأجل 3 سنوات بمقدار 1%.
USD/JPY recovery stalls below 143.00, despite the brighter market mood
The positive impact of the de-escalation of Trump's latest trade rift with the European Union has had a limited positive impact on the US Dollar.
GBP/USD: Overbought conditions suggest any advance is unlikely to reach 1.3600 - UOB Group
Strong momentum indicates further Pound Sterling (GBP) strength; overbought conditions suggest any advance is unlikely to reach 1.3600. In the longer run, upward momentum remains strong; the next objective is 1.3635, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/USD: Restraint bulls - OCBC
Euro (EUR) saw whippy trade on Friday, falling at first in reaction to Trump's threat of 50% tariff on EU goods. But losses were erased amid broad USD weakness. EUR was last seen at 1.1379 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR/USD: Has a chance to test the major resistance at 1.1400 - UOB Group
Euro (EUR) could test the major resistance at 1.1400; a sustained rise above this level is unlikely. In the longer run, the likelihood of EUR breaking above 1.1400 is increasing; the next resistance is nearby at 1.1435, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP/JPY bounces up on risk appetite and approaches 194.20 resistance area
Trump's decision to pause tariffs on the EU intel on July 9 has boosted risk appetite on a light trading session on Monday, with UK markets closed for the Spring Bank holiday.The de-escalation of the EU-US trade rift has soothed investors, wary of a severe blow to international trade, which would si
Gold edges down as Trump extends deadline for EU tariffs
Gold (XAU/USD) price slips on Monday towards $3,325 at the time of writing, partly erasing Friday's gains. The small dip comes after United States (US) President Donald Trump announced he would extend to July 9 the deadline for the European Union (EU) to face 50% tariffs.
AUD/JPY advances to near 93.00 as risk sentiment improves due to easing US-EU tensions
AUD/JPY extends its gains for the second successive day, trading around 93.00 during the European hours on Monday. The risk sentiment improves US President Donald Trump extended the 50% tariff deadline on the European Union (EU) from June 1 to July 9.
Pound Sterling outperforms US Dollar on renewed concerns over Greenback's credibility
The Pound Sterling (GBP) posts a fresh three-year high near 1.3600 against the US Dollar (USD) at the start of the week, amid holidays in the United Kingdom (UK) and the United States (US) markets on account of the Spring Bank Holiday and Memorial Day, respectively.
NZD/USD rallies further to test 0.6030 high on risk appetite
US President Trump's decision to temporarily suspend 50% tariffs on EU products is boosting investors' appetite for risk on Monday.
USD/CAD falls to near 1.3700 as traders expect BoC to hold rates in June
USD/CAD continues its losing streak that began on May 19, trading around 1.3710 during the early European hours on Monday.
EUR/GBP is struggling to regain the 0.8400 level despite the pause on EU tariffs
The Euro ticked up from the nearly two-month low hit on Friday, but it remains unable to post a significant recovery despite the upbeat news on the US tariffs' domain.
Forex Today: US Dollar continues to weaken to start week
Here is what you need to know on Monday, May 26:
USD/CHF remains on the defensive near 0.8200 on US fiscal concerns
The USD/CHF pair remains on the defensive around 0.8200 during the early European trading hours on Monday. US trade policy uncertainty and concerns over fiscal health drag the US Dollar (USD) lower against the Swiss Franc (CHF).
US Dollar Index hits a fresh one-month low below 99.00 as risk appetite improves
The US Dollar Index (DXY) has opened the week in the same weak tone seen during the last one.
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