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CAD underperforms but sits close to estimated fair value - Scotiabank
The Canadian Dollar (CAD) is the main underperformer against the softer USD in overnight trade and is holding a very minor (less than 0.1%) loss on the session so far.
USD edges lower on softer bonds, stocks - Scotiabank
The US Dollar (USD) is trading lower overall on the day, after easing back from its overnight peaks against the major currencies as global stocks and bonds slip, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/CNH: Likely to trade between 7.1750 and 7.1950 - UOB Group
US Dollar (USD) is likely to trade between 7.1750 and 7.1950 against Chinese Yuan (CNH). In the longer run, downward momentum is slowing; a breach of 7.2070 would mean that the downward bias has faded, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY: Any advance is likely limited to a test of 144.80 - UOB Group
US Dollar (USD) could strengthen further vs Japanese Yen (JPY); deeply overbought conditions suggest that any advance is likely limited to a test of 144.80. In the longer run, week-long USD weakness has stabilised; USD is likely to trade in a 142.70/145.30 range.
USD/JPY Price Forecast: 20-EMA acts as key barrier
The USD/JPY pair gives back its initial gains and falls to near 144.20 during European trading hours on Wednesday. The asset faces pressure as the US Dollar (USD) struggles to extend Tuesday's strong recovery move.
NZD/USD: To trade sideways between 0.5920 and 0.5980 - UOB Group
New Zealand Dollar (NZD) could trade sideways between 0.5920 and 0.5980 against US Dollar (USD). In the longer run, momentum is slowing rapidly; the chance of NZD breaking decisively above 0.6030 is slim, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Higher inflation in Australia, everything as expected in New Zealand - Commerzbank
The Australian inflation indicator for April, published this morning, came in at 2.4%, which is slightly higher than expected, Commerzbank's FX analyst Michael Pfister notes.
AUD/USD: Likely to trade in a range of 0.6430/0.6485 - UOB Group
Australian Dollar (AUD) does not appear to have enough momentum to continue to decline vs US Dollar (USD); it is more likely to trade in a range of 0.6430/0.6485.
Gold recovers while investors remain confident over swift progress in EU-US trade talks
Gold price (XAU/USD) attracts bids and rises to near $3,320 during European trading hours on Wednesday, following an over 1% sell-off the previous day.
Euro's role as reserve currency: a missed opportunity? - Commerzbank
The dominance of the US Dollar (USD) is based on its use in cross-border transactions by third countries - i.e. its use as a so-called vehicle currency.
AUD/USD trims some losses but remains capped below the 0.6450 resistance area
The Aussie Dollar is posting marginal gains on Wednesday following a 0.70% decline during the last two days.
GBP/USD: Likely to trade in a lower range of 1.3480/1.3560 - UOB Group
The slight increase in downward momentum suggests GBP is likely to trade in a lower range of 1.3480/1.3560.
US tariff policy: not all that bad? - Commerzbank
The Conference Board's consumer confidence survey is an indicator that is not normally paid too much attention to. However, on the one hand, the current times are probably anything but normal and, on the other, it turned out to be much stronger than expected.
China-US trade talks: The art of the deal - Standard Chartered
Our baseline scenario is that US tariffs on China will likely stay around current levels after the 90-day truce. The tit-for-tat tariff war in April and subsequent truce indicate more caution on both sides.
USD/CAD extends gains above 1.3800 with all eyes on the FOMC minutes
The US Dollar is showing a moderate advance on Wednesday, extending gains after Tuesday's rebound.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
AUD/JPY falls below 93.00, downside seems limited as Japan considers debt issuance changes
AUD/JPY halts its three-day winning streak, trading around 92.90 during the European hours on Wednesday.
USD/JPY: Near term rebound; sell rallies preferred - OCBC
USD/JPY rebounded amid chatters of USD short covering, month-end flows. Pair was last at 144.03 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
NZD: Hawkish RBNZ cut lifts Kiwi dollar prospects - ING
The Reserve Bank of New Zealand cut rates by 25bp to 3.25% as widely expected this morning, although the overall message was more hawkish than expected, ING's FX analyst Francesco Pesole notes.
DXY: FOMC minutes, core PCE this week - OCBC
US Dollar (USD) rebounded from lower grounds, owing to upside surprise from US consumer confidence and progress with EU-US trade talks. DXY was last at 99.56 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
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