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EUR/GBP is struggling to regain the 0.8400 level despite the pause on EU tariffs
The Euro ticked up from the nearly two-month low hit on Friday, but it remains unable to post a significant recovery despite the upbeat news on the US tariffs' domain.
Forex Today: US Dollar continues to weaken to start week
Here is what you need to know on Monday, May 26:
USD/CHF remains on the defensive near 0.8200 on US fiscal concerns
The USD/CHF pair remains on the defensive around 0.8200 during the early European trading hours on Monday. US trade policy uncertainty and concerns over fiscal health drag the US Dollar (USD) lower against the Swiss Franc (CHF).
US Dollar Index hits a fresh one-month low below 99.00 as risk appetite improves
The US Dollar Index (DXY) has opened the week in the same weak tone seen during the last one.
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $61.57 per barrel, down from Friday's close at $61.60.
EUR/USD strengthens above 1.1400 as Trump delayed 50% tariffs on EU to July 9
The EUR/USD pair gathers strength to near 1.1415 during the early European session on Monday. The Euro (EUR) edges higher against the Greenback as US President Donald Trump extends the deadline for 50% EU tariffs until July 9.
EUR/JPY Price Forecast: Climbs beyond mid-162.00s, bulls have the upper hand while above 200-day SMA
The EUR/JPY cross gains strong positive traction at the start of a new week and snaps a three-day losing streak to the 161.00 neighborhood, or a nearly one-month low set on Friday.
GBP/USD Price Forecast: Hits fresh 39-month highs near 1.3600
The GBP/USD pair extends its winning streak for the second successive session, trading around 1.3580 during Monday's Asian hours. The technical analysis of the daily chart suggests that a bullish bias prevails as the pair moves upwards within an ascending channel pattern.
Silver Price Forecast: Bullish outlook remains in play near $33.50
The Silver price (XAG/USD) trades with mild gains around $33.50 during the early European session on Monday. The escalating geopolitical tensions along with the weaker Dollar (USD) provide some support to the safe-haven currency like the Japanese Yen (JPY).
Gold price trades with mild negative bias below two-week top touched on Friday
Gold price (XAU/USD) edges lower during the Asian session on Monday in reaction to US President Donald Trump's decision to delay the implementation of tariffs on the European Union (EU).
NZD/USD moves above 0.6000 despite NZIER's recommendation for a rate cut
NZD/USD hits fresh six-month highs, with trading around 0.6030 during the Asian hours on Monday. The pair continues its winning streak for the second successive day as the US Dollar remains under downward pressure amid rising United States (US)-debt concerns.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Monday, according to data compiled by FXStreet.
FX option expiries for May 26 NY cut
FX option expiries for May 26 NY cut at 10:00 Eastern Time via DTCC can be found below.
China's Li: Weighing new policy tools as economic and trade order is under severe impact
China's Premier Li Qiang spoke in a symposium with Chinese firms in Jakarta over the weekend, with the key comments noted below.
WTI holds gains above around $61.50 due to easing US-EU trade concerns
West Texas Intermediate (WTI) Oil price is trading around $61.50 per barrel during the Asian hours on Monday, extending its gains for the second successive day. Crude Oil prices gain ground amid easing concerns over a trade war between the United States (US) and the European Union (EU).
Fed's Kashkari: Uncertainty is top of the mind for Fed, US businesses
Minneapolis Federal Reserve (Fed) President Neel Kashkari said in his speech in Tokyo early Monday that "uncertainty is top of the mind for Fed, US businesses."
US Senator Johnson: We have enough votes to stop Trump's tax cuts bill
Speaking to CNN News on Sunday, US Senator Ron Johnson said, "I think we have enough (votes) to stop the process until the president gets serious about spending reduction and reducing the deficit."
USD/CAD slides below 1.3700 mark, fresh YTD trough amid sustained USD selling
The USD/CAD pair prolongs its downtrend witnessed over the past week or so and attracts some follow-through selling during the Asian session on Monday.
USD/INR holds steady despite softer US Dollar
The Indian Rupee (INR) flat lines on Monday after hitting its best performance in more than two years in the previous session. According to Bloomberg, the Indian currency's biggest gain was seen after November 11, 2022, when it appreciated around 99 paise in a single day.
Australian Dollar advances as US Dollar depreciates due to rising debt concerns
The Australian Dollar (AUD) continues to gain ground against the US Dollar (USD) on Monday, marking fresh six-month highs. The AUD/USD pair receives support as the US Dollar remains under downward pressure amid rising uncertainty surrounding the United States (US) economy.
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