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USD/INR softens ahead of Indian/US PMI releases
The Indian Rupee (INR) gathers strength on Thursday. The strength in Asian peers, a weaker US Dollar (USD) and lower crude oil prices provide some support to the Indian currency. Furthermore, a multi-phase trade deal between the US and India might contribute to the INR's upside.
GBP/USD rises to near 1.3450 ahead of UK PMI data
GBP/USD trades higher for the fourth successive day with trading around 1.3430 during the Asian hours on Thursday.
Japanese Yen advances to fresh two-week highs against a weaker USD
The Japanese Yen (JPY) regained positive traction following an early Asian session slide in reaction to Japan's upbeat Machinery Orders data, which countered recession fears and boosted hopes for an economic recovery.
Trump told EU heads in private Putin isn't ready to end war - WSJ
Citing three people familiar with the conversation, the Wall Street Journal (WSJ) reported late Tuesday that "On a call Monday, President Trump told European leaders that Russian President Vladimir Putin isn't ready to end the war because he thinks he is winning."
New Zealand boosts bond program by NZ$4 billion over four years
New Zealand Finance Minister Nicola Willis presents the nation's Budget on Thursday, with the key highlights noted below.
BoJ's Noguchi: Japan's economy is growing steadily
Bank of Japan (BoJ) board member Asahi Noguchi said on Thursday that the Japanese economy is growing steadily. Noguchi further stated that the central bank is likely to keep adjusting the policy rate, while carefully assessing whether underlying inflation would be stabilising around 2%.
Australian Dollar holds ground following release of S&P PMI data
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Thursday, extending its gains for the second successive day. The AUD/USD pair maintains its position following the release of the preliminary S&P Global Purchasing Managers Index (PMI) data.
PBOC sets USD/CNY reference rate at 7.1903 vs. 7.1937 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1903 as compared to the previous day's fix of 7.1937 and 7.2009 Reuters estimate.
USD/CAD extends the decline to near 1.3850 amid weaker US Dollar
The USD/CAD pair extends its downside to around 1.3855 during the early Asian session on Thursday, pressured by a weaker US Dollar (USD).
Japan's Kato says unsustainable imbalance in some countries behind trade imbalance
US Secretary Scott Bessent and Japan's Finance Minister Shunichi Kato discussed important issues pertaining to the US-Japan economic relationship, including global security and the ongoing bilateral trade discussions between the US and Japan.
NZD/USD weakens below 0.5950, budget bill concerns might cap its downside
The NZD/USD pair softens to near 0.5930 during the early Asian session on Thursday. However, the downside for the pair might be limited amid rising concerns over the US President Donald Trump administration's tax cut and spending bill and worries over the performance of the US economy.
EUR/USD rises for a third straight day as Greenback weakness takes hold
EUR/USD caught a bid on Wednesday, breaking through the 1.1300 technical barrier and climbing for a third straight session after market sentiment turned away from the US Dollar following a pummeling of US Treasury markets.
Australia's Judo Bank Manufacturing PMI comes in at 51.7 in May, Services PMI eases to 50.5
The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) came in at 51.7 in May versus 51.7 prior, the latest data published by Judo Bank and S&P Global showed on Thursday.
US yields spike as 20-year auction flops, budget vote looms
US Treasury yields soared on Wednesday as a weaker-than-expected 20-year US bond auction ahead of the vote on the US budget in the US Congress. At the time of writing, the US 10-year T-note benchmark note surges 11 basis points at 4.601%.
EUR/USD rallies for third day as US debt fears grow ahead of US budget vote
EUR/USD extended its rally for the third consecutive day on Wednesday as the US Dollar (USD) continued to face headwinds following the credit downgrade of the United States last Friday.
President Trump's budget bill headed for vote in US Congress
The United States (US) House of Representatives is poised to begin casting votes on the Republican party's tax and budget bill that is front-loaded with many of President Donald Trump's wishlist items.
Canadian Dollar rises as Greenback withers on Wednesday
The Canadian Dollar (CAD) caught a firm bid on Wednesday, climbing one-half of one percent during the midweek market session.
Forex Today: It's PMI-day!!!
The US Dollar (USD) maintained its weekly leg lower well in place weakening to new two-week lows on the back of rising concerns over the US fiscal position in light of President Trump's tax bill and worries over the performance of the US economy.
GBP/USD soars to new yearly high as UK inflation surges, BoE rate cuts in doubt
The Pound Sterling rose to a new year-to-date (YTD) high of 1.3468 against the US Dollar on Wednesday as UK inflation rose, drifting away from the Bank of England's (BoE) 2% target, which had led to interest rate reductions earlier in the month.
NZD/USD climbs as record US trade surplus boosts Kiwi confidence
The New Zealand Dollar (NZD) continues to strengthen against the US Dollar (USD) on Wednesday, with the release of a record trade surplus in April highlighting the largest monthly goods surplus on record with the United States.
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