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GBP: Staying supported for now- ING
Pound Sterling (GBP) is staying relatively supported, particularly against the US Dollar (USD), ING's FX analyst Chris Turner notes.
USD/CNH rebounds toward 7.26 resistance after testing 7.16 - Société Générale
USD/CNH's recent downtrend has paused after finding support near 7.16, with a modest rebound now unfolding. However, upside may remain limited for now, as break below 7.16 can extend the downtrend, Société Générale's FX analysts note.
USD: Risk environment softens on trade confrontation - ING
Global equity markets and the dollar start the week a little softer as trade tensions between the US and China start to reappear. It's not quite fair to say that the US-China trade deal reached in Geneva last month is unravelling, but both sides clearly seem frustrated.
AUD/USD: Expected to trade in a range - UOB Group
For the time being, Australian Dollar (AUD) is expected to trade in a range of 0.6380/0.6485, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
US Crude Oil (WTI) appreciates against all odds and returns to above $62.00
Buy the rumour, sell the news in Oil prices, as the US benchmark WTI appreciates about $2.5 so far today, despite the output hikes announced by OPEC+ members, fresh threats of US tariffs and new trade tensions between the US and China.
Trump to double tariffs on Steel and Aluminium - ING
Trump said he would increase tariffs on Steel and Aluminium to 50% from 25%, effective 4 June. He made the announcement as he visited a US Steel Corp. plant on Friday.
GBP/USD: Likely to trade between 1.3400 and 1.3600 - UOB Group
Current GBP/USD price movements still appear to be part of a range trading phase, likely between 1.3400 and 1.3600, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
OPEC+ supply increase in line with our expectations - ING
OPEC+ agreed to another large supply hike over the weekend, increasing it by 411k b/d effective July. The increase is similar to those in May and June.
EUR: Staying bid despite another ECB rate cut - ING
US Dollar (USD) problems are keeping EUR/USD bid, ING's FX analyst Chris Turner notes.
EUR/USD: Likely to trade in a range of 1.1270/1.1435 for now - UOB Grou
Increase in momentum is not enough to indicate a sustained advance; Euro (EUR) is likely to trade in a range of 1.1270/1.1435 for now vs US Dollar (USD), UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
US Dollar Index drops below 99.00 due to tariff threats, ISM Manufacturing PMI awaited
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is depreciating by more than 0.50% and trading near 98.80 during the European hours on Monday.
NZD/USD Price Forescast: Above 0.6030, the next target is 0.6090
The New Zealand Dollar is one of the best performers on Monday.
USD/CAD explores Year-to-Date lows below 1.3700 amid broad-based Dollar weakness
Strong Canadian GDP raises expectations of a hawkish BoC on Wednesday.The US Dollar is dropping across the board, hammered by a mix of risk aversion amid Trump's erratic trade policies, concerns about fresh tariffs, and looming fears of US debt that have revived the "sell America" trade.The US Presi
EUR/GBP steadies near 0.8450 due to risk-off mood following Trump tariff tensions
EUR/GBP remains steady after registering gains in the previous two sessions, trading around 0.8430 during the early European hours on Monday.
EUR/USD advances with the US Dollar weighed by tariff threats and debt woes
EUR/USD is trading with minor gains on Monday.
GBP/USD rushes beyond 1.3500 as the US Dollar accelerates its reversal
The Pound is rallying at Monday's London session opening times, favoured by an ailing US Dollar, which has reversed Friday's gains following a new tariff threat by US President Trump and a fresh trade rift with China.Investors are selling the US Dollar on Monday, wary that a 50% tariff on Aluminu¡iu
Forex Today: US Dollar weakens to start week as markets await PMI data
Here is what you need to know on Monday, June 2:
EUR/JPY Price Forecast: Bullish outlook remains in play above 163.00
The EUR/JPY cross tumbles to around 163.15 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) as persistent trade-related uncertainties and geopolitical risks further boost the safe-haven flows.
USD/CHF drops to near 0.8200 due to increased safe-haven demand
USD/CHF continues its losing streak for the third successive session, trading around 0.8210 during the Asian hours on Monday. The pair loses ground as the US Dollar (USD) may face challenges amid growing concerns regarding slow growth and renewed inflation in the United States (US).
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