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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.
USD: Data and Trump help the dollar - ING
Yesterday, we noted that the dollar needed some positive data surprises to regain firmer footing, and May's consumer confidence figures delivered.
European Gas rally pauses amid Norwegian outages - ING
The rally in European natural gas took a breather yesterday, with the Title Transfer Facility (TTF) settling 0.66% lower on the day, ING's commodity experts Ewa Manthey and Warren Patterson note.
NZD/USD recovery loses steam at 0.5980
The New Zealand Dollar is paring some losses on Wednesday after having lost more than 1% on Tuesday. A hawkish RBNZ statement has provided some support to the Kiwi, but the overall USD strength is limiting upside attempts.The bank trimmed rates by 0.25% earlier today, to 3.25% as widely expected.
SEK softens despite EU optimism - ING
The Swedish krona has started the week on the softer side against the Euro, ING's FX analyst Francesco Pesole notes
EUR/USD: Rising wedge on the charts - OCBC
Euro (EUR) fell on softer than expected French CPI, signs of progress on EU-US trade talks and broad US Dollar (USD) short covering. Pair was last at 1.1321, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR/USD: Expected to consolidate between 1.1305 and 1.1375 - UOB Group
Euro (EUR) is expected to consolidate between 1.1305 and 1.1375 against US Dollar (USD). In the longer run, upward momentum has mostly dissipated; EUR is likely to trade in a 1.1255/1.1420 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Oil: Sanction risks grow - ING
Crude oil prices came under pressure yesterday, with USD strength providing some headwinds for the market, ING's commodity experts Ewa Manthey and Warren Patterson note.
EUR: 1.13 remains the anchor - ING
The euro has held up better than most G10 currencies, helped by positive headlines about EU-US trade negotiations, ING's FX analyst Francesco Pesole notes.
US Dollar Index steadies near 99.50 ahead of FOMC Meeting Minutes
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is steadying after registering more than 0.50% gains in the previous session. The DXY is trading around 99.60 during the European hours on Wednesday.
EUR/USD retreats to 1.1300, with the Dollar buoyed by good US data
EUR/USD is trading lower, around 1.1306 at the time of writing, for the second consecutive day in the early European session on Wednesday.
GBP/JPY Price Forecast: Sees more upside above 196.50
The GBP/JPY pair corrects to near 194.50 during European trading hours on Wednesday after refreshing an almost two-week high around 195.60 the previous day. The pair faces selling pressure as the Pound Sterling (GBP) underperforms after a strong run-up in the past few trading days.
WTI holds gains above $61.00 as US bars Chevron from exporting Venezuelan Oil
West Texas Intermediate (WTI) Oil price edges higher after registering losses in the previous session, trading around $61.10 per barrel during the European hours on Wednesday.
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