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USD eases after brief advance on tariff block - Scotiabank
Late yesterday, a US court blocked a large part of President Trump's tariff plans, striking down reciprocal and fentanyl-related tariffs.
USD/CAD retreats from highs, approaching 1.3800 ahead of the US GDP release
The US Dollar has given away all the ground taken after the court ruling against US trade tariffs, and is trading with moderate losses ahead of the US Session opening, as the Canadian Dollar draws support from the rebound in Oil prices.A US federal court ruled on Wednesday that the US Congress has t
AUD/USD holds support amid Capex miss, RBA cuts eyed - BBH
AUD/USD is holding above key support at 0.6400 but faces near-term resistance between 0.6500-0.6540, BBH FX analysts report.
Gold rebounds as US Dollar retreats while court strikes down Trump's tariffs
Gold price (XAU/USD) claws back the majority of its initial losses in Thursday's European trading session, recovers to near $3,300 from the weekly low of $3,245 posted earlier in the day.
USD/CNH: Likely to trade in a range between 7.1800 and 7.2300 - UOB Group
Increase in momentum is likely to lead to US Dollar (USD) advance, potentially to 7.2130. In the longer run, for now, USD is likely to trade in a range between 7.1800 and 7.2300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY: Resistance at 147.50 is unlikely to come under threat - UOB Group
US Dollar (USD) is expected to strengthen; the significant resistance at 147.50 is unlikely to come under threat. In the longer run, price action suggests further USD upside; too early to tell whether 147.50 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZD/USD: Expected to continue to trade sideways - UOB Group
New Zealand Dollar (NZD) is expected to continue to trade sideways, most likely in a range of 0.5925/0.5975. In the longer run, upward momentum has faded; NZD is likely to trade in a range between 0.5900 and 0.6000 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD: Chance to edge below 0.6400 - UOB Group
Australian Dollar (AUD) could edge below 0.6400 against US Dollar (USD); the next support at 0.6380 is unlikely to come under threat. In the longer run, for the time being, 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.
CHF: Swiss franc stays surprisingly bid - ING
One might have expected EUR/CHF to trade a little higher on this tariff ruling and the decent rally in equity markets, ING's FX analyst Chris Turner notes.
NZD/USD: Bias to buy dips - OCBC
The Reserve Bank of New Zealand (RBNZ) cut the OCR by 25bps to 3.25%, aligning with market expectations. However, the tone of the meeting suggests a shift away from a dovish stance.
GBP: Sterling performs well - ING
It's interesting to see EUR/GBP still trading quite softly despite some better news on global trade, ING's FX analyst Chris Turner notes.
GBP/USD: Expected to trade with a downward bias toward 1.3395 - UOB Group
Pound Sterling (GBP) is expected to trade with a downward bias toward 1.3395 vs US Dollar (USD); a sustained break below this level seems unlikely.
USD: Trade wars can be messy - ING
FX markets should focus on two themes today: the US Court of International Trade ruling that the majority of President Trump's tariffs are illegal, and insights from the minutes of the 7 May FOMC meeting, which suggest that dollar selling in April was driven by hedging rather than outright sales of
AUD/USD bounces up as the Dollar rally loses steam and approaches 0.6450 resistance area
The Aussie Dollar bounced up right above the 0.6400 psychological level on Thursday and is trading 0.30% higher on the day, with a retest of the 0.6450 resistance area on the cards, as the US Dollar rally loses steam.The Greenback appreciated across the board during late Wednesday and Thursday's Asi
USD/JPY: US and JP inflation data tomorrow - OCBC
Shorts in USD/JPY continued to get squeezed, from month-end USD buy flows to US trade court's ruling on Trump tariffs partially helped to restore some credibility to the system, which has been undermined by the unpredictability of Trump's tariffs.
LME Copper inventories fall to fresh low - ING
Copper inventories on the LME fell to the lowest level in almost two years, with withdrawals continuing at warehouses in Rotterdam. Thousands of tonnes of Copper have been withdrawn over the past few trading sessions, with Glencore the key trader behind these requests.
DXY: Trump tariffs challenged - OCBC
US Dollar's (USD's) rebound found momentum from a US court ruling, saying that Trump's unilateral imposition of 'Liberation Day tariffs' under the International Emergency Economic Powers Act (IEEPA) is invalid.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.
New Zealand: RBNZ slashes OCR by 25 bps - UOB Group
As widely expected, the Reserve Bank of New Zealand (RBNZ) decided to lower the Official Cash Rate (OCR) for a sixth straight meeting by 25bps to 3.25%.
EUR: A leg to the downside - ING
EUR/USD is understandably lower on the US tariff news in that it slightly re-appraises US growth prospects and the risk premium attached to the US Dollar (USD), ING's FX analyst Chris Turner notes.
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