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FOREX-Dollar at one-week high on Middle East uncertainty, hot US inflation
Hot U.S. inflation reading lifts Treasury yields Fed rate cut bets evaporate; odds for December hike riseIran peace deal hopes dwindle; Trump-Xi meeting in focusPound under pressure amid UK political turmoilBy Lucy Raitano and Jiaxing Li HONG KONG, May 13 (Reuters) - The dollar held near a one-we...Reuters
2 hours ago
GBP/USD Price Forecast: Extends decline below 20-day EMA
The GBP/USD pair is down 0.25% to near 1.3500 during the European trading session on Wednesday. The Cable faces selling pressure as the US Dollar (USD) trades firmly due to growing expectations that the Federal Reserve (Fed) will deliver at least one interest rate hike this year.
Fxstreet
2 hours ago
Sterling edges lower as Starmer pressure keeps markets cautious
By Lucy Raitano Reuters May 13 - Sterling fell on Wednesday and was on track for its first weekly decline in six weeks, with market participants assessing political developments in Britain as Prime Minister Keir Starmer resisted calls to resign.The pound was last 0.2% lower against a broadly stro...Reuters
4 hours ago
Ex-BOJ chief Kuroda says yen unlikely to fall below 160 per dollar
By Leika KiharaTOKYO, May 13 (Reuters) - Former Bank of Japan Governor Haruhiko Kuroda said on Wednesday it was unlikely the yen would weaken beyond 160 per dollar as authorities appeared to be defending that level with currency intervention."My belief is that a dollar/yen rate around 120-130 is...Reuters
4 hours ago
Mapping the Market: Dollar testing the water for recovery
By Peter Stoneham May 13 (Reuters) - The dollar has surrendered almost all of the gains it made since the start of the U.S.-Iran war as the initial flight to safety into the U.S. currency gave way to ceasefire and hopes for a peace deal, but the greenback has leveled off lately and it is now test...Reuters
4 hours ago
Ex-BOJ chief Kuroda says hard to see yen fall below 160 per dollar
TOKYO, May 13 (Reuters) - Former Bank of Japan Governor Haruhiko Kuroda said on Wednesday it was hard to see the yen fall below 160 per dollar as Japanese authorities appeared to be defending that level with currency intervention."My belief is that a dollar/yen rate around 120-130 is seen as an ...Reuters
4 hours ago
FOREX-Dollar at one-week high on Middle East uncertainty, hot US inflation
Hot U.S. inflation reading lifts Treasury yields Fed rate cut bets evaporate; odds for December hike riseIran peace deal hopes dwindle; Trump-Xi meeting in focusBy Lucy Raitano and Jiaxing Li HONG KONG, May 13 (Reuters) - The dollar held near a one-week high on Wednesday on renewed uncertainty in...Reuters
5 hours ago
Birkenstock Q2 revenue slightly misses on currency and tariff headwinds
OverviewGermany footwear maker's fiscal Q2 revenue grew 8%, slightly missing analyst expectationsAdjusted EPS for fiscal Q2 fell 9% yr/yr, impacted by tariffs and currency headwindsCompany confirmed full-year guidance for 13-15% revenue growth and 30%+ adjusted EBITDA marginOutlookBirkenstock co...Reuters
5 hours ago
NZD/USD Price Forecast: Bears taking control with 0.5930 support under pressure
The New Zealand Dollar (NZD) is showing the weakest performance of the G8 currencies on Wednesday, heading lower for the second consecutive day against a stronger US Dollar (USD), with NZD/USD bears testing the bottom of the weekly range at 0.5930 at the time of writing.
Fxstreet
5 hours ago
Eurozone Industrial Production rises steadily by 0.2% in March, misses estimates
The Eurozone industrial sector activity rises steadily by 0.2% in March, slower than 0.3% estimates, according to data published by Eurostat. February’s Industrial Production data was revised lower from 0.4%.Fxstreet
5 hours ago
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