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NZD: RBNZ to cut, rate projections in focus - ING
The Reserve Bank of New Zealand is widely expected to cut rates by another 25bp to 3.25% tonight (announcement at 04:00am CET). The Bank will also publish the new Monetary Policy Statement, which includes policy rate projections.
GBP/USD: Expected to consolidate between 1.3540 and 1.3600 - UOB Group
Pound Sterling (GBP) is expected to consolidate between 1.3540 and 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.
AUD/JPY hovers below 93.00, upside seems possible due to diminished safe-haven demand
AUD/JPY steadies after recovering daily losses, trading around 92.80 during the European hours on Tuesday. The currency cross gains ground as the Japanese Yen (JPY) depreciates over fading safe-haven demand.
USD: Deficit concerns and tariff drama hangover can bite - ING
We shouldn't be surprised to see the dollar softer at the start of the week, even with US President Donald Trump reversing course on 50% EU tariffs.
EUR/USD: Another attempt to boost appeal - OCBC
"Overnight at an event in Berlin, ECB's Lagarde made another attempt to raise Euro's profile. She said that 'The ongoing changes create the opening for a 'global Euro moment'... This is a prime opportunity for Europe to take greater control of its own destiny.
EUR/USD may edge higher within a range of 1.1360/1.1420 - UOB Group
Upward momentum is slowing, but Euro (EUR) could edge higher within a range of 1.1360/1.1420 vs US Dollar (USD). In the longer run, a decisive break above 1.1435 could push EUR to 1.1475, with potential for further gains, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR: Global Euro moment may face political roadblock - ING
The Euro has come through the US tariff scare with barely a scratch. As discussed above, markets' tendency to punish the dollar when trade tensions escalate means a rotation to the liquid Euro often prevents the idiosyncratic risks for the Eurozone from being priced in.
Pound Sterling corrects against US Dollar, while US tariff uncertainty still persists
The Pound Sterling (GBP) retraces to near 1.3550 against the US Dollar (USD) in Tuesday's European session from the three-year high around 1.3600 posted the previous day.
Fed's Kashkari: Support stance of maintaining policy rate until more clarity on tariffs
Minneapolis Federal Reserve (Fed) President Neel Kashkari said on Tuesday that he supports the stance to maintain interest rates until there is some clarity on the impact of higher tariffs on inflation.
NZD/USD returns below 0.6000 as the US Dollar bounces up
The New Zealand Dollar failed to break the Year-to-Date high at 0.6030 and is trading lower on Tuesday, weighed by a somewhat stronger US Dollar and market expectations that the RBNZ will ease its monetary policy further on Wednesday.
ECB's Šimkus: The risks that inflation will be below the goal in the future have increased
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Tuesday that "the risks that inflation will be below the goal in the future have increased."
Forex Today: US Dollar rebounds after long weekend, focus shifts to mid-tier US data
Here is what you need to know on Tuesday, May 27:
WTI falls to near $61.00 as traders expect OPEC+ to increase Oil output
West Texas Intermediate (WTI) Oil price remains subdued for the second successive session, trading around $61.10 per barrel during the early European hours on Tuesday.
ECB's Villeroy: Policy normalization in the Euro area is probably not complete
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Tuesday that "policy normalization in the Euro area is probably not complete."
Silver Price Forecast: XAG/USD retreats towards the $33.00 area on risk-on markets
Silver prices (XAG/USD) are dropping beyond 1% on Monday, weighed by a moderately positive market sentiment and a mild US Dollar recovery.
EUR/GBP flat lines below 0.8400 ahead of Eurozone Consumer Confidence release
The EUR/GBP cross holds steady near 0.8390 during the early European session on Tuesday. Traders will take more cues from Consumer Confidence in the Eurozone. The attention will shift to the German Retail Sales data, which is due later on Friday.
GBP/JPY extends gains to test 194.25, favoured by a positive market mood
The Pound is trading higher for the second consecutive day on Tuesday, with the UK market returning from a long weekend on a moderately positive market mood. Trump's decision to delay a 50% tariff on Eurozone products has boosted market sentiment.The positive mood is weighing on the Japanese Yen.
FX option expiries for May 27 NY cut
FX option expiries for May 27 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
USD/CAD bounces up from seven-month lows and approaches a previous support at 1.3760
The US Dollar is showing marginal gains ahead of Tuesday's European session opening.
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $61.11 per barrel, down from Monday's close at $61.35.
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