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US Dollar consolidates after Fed-related sharp losses
The US Dollar (USD) enters some calm waters on Thursday after a rollercoaster ride on Wednesday following the Federal Reserve's (Fed) monetary policy decision.
Silver Price Forecast: XAG/USD retreats from $26.80 amid uncertainty ahead of US NFP
Silver price (XAG/USD) falls back sharply to $26.30 while attempting to recapture the crucial resistance of $27.00 during the European session on Thursday.
NZD/USD edges higher on positive market sentiment but systemic factors remain a drag
NZD/USD edges higher, up by eight-hundredths of a percent in the 0.5930s, on Thursday, as an improvement in global market sentiment helps commodity currencies, of which the Kiwi is a prime example.
EUR/USD loses momentum as upside remains capped on firm ECB rate cut bets
EUR/USD is stuck in a tight range above the round-level support of 1.0700 in Thursday's European session.
EUR/JPY trades higher around 166.00 amid improved market sentiment
EUR/JPY edges higher on Thursday as the prevailing positive sentiment in the market provides support for risk-sensitive currencies like the Euro.
India Gold price today: Gold falls, according to MCX data
Gold prices fell in India on Thursday, according to data from India's Multi Commodity Exchange (MCX).
USD/CAD falls to near 1.3700 amid higher crude Oil prices, risk-on mood
USD/CAD extends its losses for the second successive day, hovering around 1.3710 during the European session on Thursday.
Pound Sterling clings to gains on Fed's less hawkish interest-rate guidance
The Pound Sterling (GBP) capitalizes on cheerful market sentiment and holds gains above the crucial resistance of 1.2500 in Thursday's London session.
FX option expiries for May 2 NY cut
FX option expiries for May 2 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0600 990m 1.0670 1.2b 1.0675 881m 1.0700 1.5b 1.0745 969m 1.0750 1.9b 1.0785 1.5b - GBP/USD: GBP amounts 1.2425 340m 1.2575 322m - USD/JPY: USD amounts 154.00 1.3b 154.50 570m 155.75 671m - USD/CHF: USD amounts 0.9225 1.3b - AUD/USD: AUD amounts 0.6400 1b 0.6450 433m 0.6475 642m 0.6490 726m 0.6550 501m - USD/CAD: USD amounts 1.3740 409m 1.3850 1.2b - NZD/USD: NZD amounts 0.5960 781m .
Forex Today: US Dollar struggles to rebound as markets assess Fed announcements
Here is what you need to know on Thursday, May 2: The US Dollar (USD) suffered large losses against its major rivals in the late American session on Wednesday as the Federal Reserve's (Fed) statement language and Chairman Jerome Powell's comments turned out to be not as hawkish as feared.
Mexican Peso rises on upbeat market sentiment
The Mexican Peso (MXN) trades higher in its key pairs on Thursday as market sentiment gets a lift from a combination of factors, including the US Federal Reserve's (Fed) decision to maintain an easing bias at its policy meeting on Wednesday, and Crude Oil prices hovering close to seven-week lows.
USD/CHF remains under selling pressure below 0.9150 following Swiss CPI data
The USD/CHF pair faces some selling pressure on Thursday, supported by the hotter-than-expected Swiss inflation data.
GBP/USD Price Analysis: Advances to near 1.2550 with expectations of a momentum shift
GBP/USD extends its gains for the second successive session on Thursday, trading around 1.2530 during the Asian session.
EUR/USD remains above 1.0700 amid expectations of Fed refraining from further rate hikes
EUR/USD continues to gain ground on Thursday as the prevailing positive sentiment in the market provides support for risk-sensitive currencies like the Euro.
Australian Dollar extends gains due to positive market sentiment
The Australian Dollar (AUD) extends its gains on Thursday despite the weaker-than-expected Trade Balance and Building Permits data released by the Australian Bureau of Statistics.
USD/INR loses momentum, investors await Indian PMI data
Indian Rupee (INR) recovers some lost ground on Thursday amid the weaker US Dollar (USD).
Japanese Yen fades possible intervention-led gains, slides below 156.00 against USD
The Japanese Yen (JPY) surged to over a two-week high against its American counterpart on Wednesday amid speculations that Japan's financial authorities intervened again, for a second time this week, to prop up the domestic currency.
AUD/JPY appreciates despite weaker Aussie data
AUD/JPY edges higher on Thursday after paring daily losses.
Australia's Trade Surplus narrows to 5,024M MoM in April vs. 7,370M expected
Australia's trade surplus narrowed to 5,024M MoM in April versus 7,370M expected and 7,280M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday.
USD/CAD extends its downside below 1.3750 on a softer US Dollar
The USD/CAD pair extends its downside around 1.3730 during the early Asian trading hours.
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