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EUR/USD advances towards 1.1400 as Trump backs off EU tariffs
EUR/USD advances towards 1.1400 as Trump backs off EU tariffs
EUR/USD begins the week on the front foot but trims some of its earlier gains after hitting a four-week high of 1.1420, sponsored by US President Donald Trump's reversal on his decision to enact tariffs on the European Union (EU) on June 1.
EURUSD
Technical Analysis
Fundamental Analysis
Majors
SEO
AUD/USD pauses after reaching a six-month high
AUD/USD pauses after reaching a six-month high
The Australian Dollar (AUD) is consolidating within a narrow range against the US Dollar (USD) after reaching a six-month high early Monday. However, the pair retreated from the highs ahead of Tuesday’s key economic data.
AUDUSD
Majors
Macroeconomics
Australia
UnitedStates
Forex Today: Consumer confidence gauges take centre stage
Forex Today: Consumer confidence gauges take centre stage
As market players digested news that President Trump backpedalled on his threats of levying 50% taxes on European products, the US Dollar (USD) stayed on the defensive in quite a poor start to the new trading week.
EURUSD
DollarIndex
ConsumerConfidence
Currencies
GBP/USD eases from multi-year high amid thin trading, BoE speeches eyed
GBP/USD eases from multi-year high amid thin trading, BoE speeches eyed
The British Pound (GBP) is trading sideways against the US Dollar (USD) after reaching its highest level in three years at the start of this week’s session. The GBP/USD pair surged to 1.3593 early in Monday’s session.
GBPUSD
DollarIndex
EUR/GBP remains conflicted ahead of Eurozone sentiment data
EUR/GBP remains conflicted ahead of Eurozone sentiment data
The Euro (EUR) remains conflicted against its British Pound (GBP) counterpart on Monday, struggling to build sustained momentum despite an early attempt to recover last week’s losses.
EURGBP
ECB
RetailSales
Eurozone
USD/INR eases above 85.00 as Rupee trims gains amid fading trade tensions
USD/INR eases above 85.00 as Rupee trims gains amid fading trade tensions
The Indian Rupee (INR) trims some of the earlier gains against the US Dollar (USD) on Monday, with the USD/INR pair retreating slightly above 85.00 during the American trading hours.
USDINR
India
TradeWar
Canadian Dollar tests fresh seven-month highs amid quiet start to the week
Canadian Dollar tests fresh seven-month highs amid quiet start to the week
The Canadian Dollar (CAD) kicked off the new trading week on a high note, kicking into fresh seven-month highs against the US Dollar (USD) and driving USD/CAD down into the 1.3700 handle for the first time since mid-October.
USDCAD
SEO
GDP
European indices close mostly higher
European indices close mostly higher
The UK FTSE100 (derivative) is lower. Other indices close higher.
Stocks
EURUSD technical outlook: rally stalls near resistance, key support in focus
EURUSD technical outlook: rally stalls near resistance, key support in focus
EURUSD indecisive near key retracement level as resistance holds and support approaches
USD/JPY steadies ahead of BoJ Ueda’s remarks
USD/JPY steadies ahead of BoJ Ueda’s remarks
USD/JPY is attempting a mild recovery after last week’s sell-off in the United States (US) bond market dragged the pair below the key psychological level of 144.00. 
USDJPY
BOJ
Fed
DollarIndex
YieldCurve
AUD/USD Price Forecast: Strives to hold 0.6500 for fresh rally
AUD/USD Price Forecast: Strives to hold 0.6500 for fresh rally
The AUD/USD pair surrenders significant intraday gains after posting a fresh six-month high near 0.6540 on Monday. The Aussie pair gives back a majority of gains as the US Dollar (USD) recoups its early losses.
AUDUSD
Inflation
DollarIndex
Breakouts
SupportResistance
Nvidia to report earnings this week
Nvidia to report earnings this week
The chip giant will announce earnings on Wednesday after the close. A slew of retailers will also report which may give insight into the tariff implications.
Stocks
NZD/USD Price Forecast: Poised for fresh rally towards 0.6100
NZD/USD Price Forecast: Poised for fresh rally towards 0.6100
The NZD/USD pair posted a fresh six-and-a-half-month high near 0.6030 against the US Dollar (USD) at the start of the week.
NZDUSD
RBNZ
InterestRate
DollarIndex
SupportResistance
EUR/CAD steadies as EU tariff delays and robust Canadian data drive mixed momentum
EUR/CAD steadies as EU tariff delays and robust Canadian data drive mixed momentum
The Euro (EUR) is firming against the Canadian Dollar (CAD) on Monday, bolstered by easing trade tensions after the United States announced a delay in implementing new tariffs on European imports.
Fundamental Analysis
Technical Analysis
EURGBP
Crosses
EURCAD
USD/CAD holds steady above 1.3700 as trade tension eases amid holiday-thinned trading
USD/CAD holds steady above 1.3700 as trade tension eases amid holiday-thinned trading
The Canadian Dollar (CAD) gives back some of the initial gains against the US Dollar (USD) at the early American session on Monday, with the USD/CAD pair trading around 1.3720 at the time of writing after hiting a daily low of 1.3686 earlier in the day as follow-through selling faded on the signs of
USDCAD
BOC
Macroeconomics
Mexican Peso holds gains as the Greenback remains under pressure
Mexican Peso holds gains as the Greenback remains under pressure
The Mexican Peso (MXN)  is experiencing a steady appreciation against the US Dollar (USD) on Monday, reflecting lingering uncertainty in the United States (US) economic outlook amid concerns about US President Donald Trump’s tariff threats and the country’s fiscal outlook.
USDMXN
Banxico
Currencies
EmergingMarkets
Mexico
ForexLive European FX news wrap: Softer dollar as markets digest Trump tariffs delay on EU
ForexLive European FX news wrap: Softer dollar as markets digest Trump tariffs delay on EU
Forex news from the European morning session on May 26, 2025
Session wrap
Wrap Europe
EUR/JPY jumps to near 163.00 as EU-US trade tensions de-escalate
EUR/JPY jumps to near 163.00 as EU-US trade tensions de-escalate
The EUR/JPY pair is up 0.45% to 162.60 in European trading hours on Monday, touches a high of 163.00 during the day.
EURJPY
Europe
Japan
BOJ
UnitedStates
GBP nears 1.36, highest since early 2022 – Scotiabank
GBP nears 1.36, highest since early 2022 – Scotiabank
Pound Sterling (GBP) is modestly firmer on the session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
GBPUSD
Technical Analysis
EUR probes 1.14 area on tariff relief – Scotiabank
EUR probes 1.14 area on tariff relief – Scotiabank
The EU’s tariff reprieve followed what the president called a 'very nice call' with Commission President von der Leyen over the weekend, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
EURUSD
Technical Analysis
CAD holds ground in low 1.37s – Scotiabank
CAD holds ground in low 1.37s – Scotiabank
The Canadian Dollar (CAD) had a decent run lower last week, with the US Dollar's (USD’s) 1.6% drop through Friday leaving the CAD as one of the better-performing major currencies on the week.
USDCAD
Banks
BOC
Canada
USD eases amid latest tariff reprieve – Scotiabank
USD eases amid latest tariff reprieve – Scotiabank
President Trump rescinded his threat of 50% tariffs on EU imports over the weekend, delaying the decision until July 9th, the original end date of his last delay on reciprocal tariffs announced early in April, Scotiabank's Chief FX Strategist Shaun Osborne notes.
DollarIndex
Banks
Technical Analysis
Gold Price Forecast: XAU/USD corrects lower to $3,325 with the bullish trend still intact
Gold Price Forecast: XAU/USD corrects lower to $3,325 with the bullish trend still intact
Gold (XAU/USD) is trading lower on Monday, weighed by softer demand for safe havens.
Gold
XAUUSD
Commodities
Metals
Bullish
US Dollar grinds to a halt after recovering all incurred Monday's losses
US Dollar grinds to a halt after recovering all incurred Monday's losses
The US Dollar Index (DXY), which tracks the performance of the Greenback’s value against six major currencies, is trading very close where it opened, near 99.09 at the European closing bell.
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
GBP: Further glimmers of hope – Commerzbank
GBP: Further glimmers of hope – Commerzbank
In recent weeks, the Pound Sterling (GBP) has recovered significantly against the euro, with the exchange rate now standing at around 0.84 instead of 0.87.
GBPUSD
Banks
Technical Analysis
BOE
EU spokesperson: EU's 'zero-for-zero' proposal still on table in talks with US
EU spokesperson: EU's 'zero-for-zero' proposal still on table in talks with US
A spokesperson for the European Commission said on Monday that the European Union's (EU) 'zero-for-zero' proposal is still on the table in tariff negotiations with the United States (US), per Reuters.
Macroeconomics
Europe
Politics
EURUSD
USD/CNH: Downward momentum has not increased significantly – UOB Group
USD/CNH: Downward momentum has not increased significantly – UOB Group
There is a chance for US Dollar (USD) to test 7.1650 vs Chinese Yuan (CNH); the major support at 7.1500 is unlikely to come into view.
Banks
Technical Analysis
USDCNH
The US-UK trade deal doesn't look so bad after all – Commerzbank
The US-UK trade deal doesn't look so bad after all – Commerzbank
As if to keep us on our toes on an otherwise uneventful Friday, Donald Trump followed up his threat of tariffs on smartphones by announcing that 50% tariffs would be imposed on EU goods from 1 June, due to stalled negotiations with the European Union.
Banks
UnitedStates
US Elections
Politics
Technical Analysis
EUR/USD gives up majority of initial gains as US Dollar rebounds
EUR/USD gives up majority of initial gains as US Dollar rebounds
EUR/USD gives back significant intraday gains and drops to near 1.1380 during North American trading hours on Monday from the monthly high of 1.1425 posted earlier in the day.
EURUSD
ECB
Fed
UnitedStates
SEO
USD/JPY: Any decline is likely part of a lower range of 142.10/143.45 – UOB Group
USD/JPY: Any decline is likely part of a lower range of 142.10/143.45 – UOB Group
Scope for US Dollar (USD) to weaken further vs Japanese Yen (JPY); any decline is likely part of a lower range of 142.10/143.45. In the longer run, risk is still on the downside, but it remains to be seen if USD can maintain its pace of decline.
USDJPY
Technical Analysis
Banks
USD/CHF Price Analysis: Rejection at 0.8225 keeps the 0.8200 support on focus
USD/CHF Price Analysis: Rejection at 0.8225 keeps the 0.8200 support on focus
The US Dollar has failed to break the 0,8225 resistance area, where the near-term descending channel meets a previous support, now turned resistance.
USDCHF
Technical Analysis
Currencies
US: Is this still capitalism? – Commerzbank
US: Is this still capitalism? – Commerzbank
On Friday, Donald Trump returned to his favourite topic, tariffs. In response to the announcement of a big US technology company that it plans to move production from China to India, Trump threatened to impose a 25% tariff on its smartphone unless they are manufactured in the US for the US market.
Banks
DollarIndex
UnitedStates
Technical Analysis
US Elections