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NZD/USD moves above 0.6000 despite NZIER's recommendation for a rate cut
NZD/USD hits fresh six-month highs, with trading around 0.6030 during the Asian hours on Monday. The pair continues its winning streak for the second successive day as the US Dollar remains under downward pressure amid rising United States (US)-debt concerns.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Monday, according to data compiled by FXStreet.
FX option expiries for May 26 NY cut
FX option expiries for May 26 NY cut at 10:00 Eastern Time via DTCC can be found below.
China's Li: Weighing new policy tools as economic and trade order is under severe impact
China's Premier Li Qiang spoke in a symposium with Chinese firms in Jakarta over the weekend, with the key comments noted below.
WTI holds gains above around $61.50 due to easing US-EU trade concerns
West Texas Intermediate (WTI) Oil price is trading around $61.50 per barrel during the Asian hours on Monday, extending its gains for the second successive day. Crude Oil prices gain ground amid easing concerns over a trade war between the United States (US) and the European Union (EU).
Fed's Kashkari: Uncertainty is top of the mind for Fed, US businesses
Minneapolis Federal Reserve (Fed) President Neel Kashkari said in his speech in Tokyo early Monday that "uncertainty is top of the mind for Fed, US businesses."
US Senator Johnson: We have enough votes to stop Trump's tax cuts bill
Speaking to CNN News on Sunday, US Senator Ron Johnson said, "I think we have enough (votes) to stop the process until the president gets serious about spending reduction and reducing the deficit."
USD/CAD slides below 1.3700 mark, fresh YTD trough amid sustained USD selling
The USD/CAD pair prolongs its downtrend witnessed over the past week or so and attracts some follow-through selling during the Asian session on Monday.
USD/INR holds steady despite softer US Dollar
The Indian Rupee (INR) flat lines on Monday after hitting its best performance in more than two years in the previous session. According to Bloomberg, the Indian currency's biggest gain was seen after November 11, 2022, when it appreciated around 99 paise in a single day.
Australian Dollar advances as US Dollar depreciates due to rising debt concerns
The Australian Dollar (AUD) continues to gain ground against the US Dollar (USD) on Monday, marking fresh six-month highs. The AUD/USD pair receives support as the US Dollar remains under downward pressure amid rising uncertainty surrounding the United States (US) economy.
Japanese Yen advances to fresh monthly peak against USD
The Japanese Yen (JPY) reverses a modest Asian session downtick against a broadly weaker US Dollar (USD) and touches a fresh monthly high during the Asian session on Monday.
EUR/USD rises to near 1.1400 as Trump extends tariff deadline on EU imports
EUR/USD extends its gains for the second successive session, trading around 1.1390 during the Asian hours on Monday. The Euro (EUR) gains ground as Bloomberg reported that US President Donald Trump agreed to extend the 50% tariff deadline on the European Union (EU) until July 9. On Sunday.
PBOC sets USD/CNY reference rate at 7.1833 vs. 7.1919 previous
On Monday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1833 as compared to Friday's fix of 7.1919 and 7.1737 Reuters estimate.
GBP/USD advances beyond mid-1.3500s, fresh high since February 2022
The GBP/USD pair is seen building on last week's strong move up and gaining some follow-through positive traction during the Asian session on Monday. The momentum lifts spot prices beyond the 1.3550 level, to the highest level since February 2022, and is sponsored by a combination of factors.
Japan signals intent to reach tariff deal with US in June
Japan's chief trade negotiator Ryosei Akazawa indicated his aim to advance tariff talks with the United States in time for a June meeting between US President Donald Trump and Japan's Prime Minister Shigeru Ishiba, per Bloomberg.
Iran says discussions with US 'complicated' after fifth round of nuclear talks
Iranian Foreign Minister Abbas Araghchi said on Friday that discussions with the United States (US) over its nuclear program were complicated as the fifth round of talks concluded in Rome.
BoC's Macklem: Trump's tariffs the "biggest headwind"
Bank of Canada Governor Macklem spoke with the New York Times, saying that US President Donald Trump's tariffs are the biggest headwind for the country.
Russia's largest drone and missile attack on Ukraine kills at least 12
Ukrainian said early Sunday that a massive Russian drone-and-missile attack targeted Kyiv and other regions in the country for a second consecutive night, killing at least 12 people and injuring dozens.
US President Donald Trump extends deadline for 50% tariffs on EU goods to July 9
US President Donald Trump said on Sunday that he agreed to an extension on the 50% tariff deadline on the European Union (EU) until July 9 after a phone call with Commission President Ursula von der Leyen, per Bloomberg.
AUD/USD extends upside to near 0.6500 amid weaker US Dollar
The AUD/USD pair extends the rally to around 0.6500 during the early Asian session on Monday. The persistent trade war fears and the ongoing "sell America" trend drag the US dollar (USD) lower and provide some support to the pair. US markets are closed due to the Memorial Day holiday on Monday.
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