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NZD/USD drops on New Zealand fiscal plans, Powell comments, mixed US data
NZD/USD drops on New Zealand fiscal plans, Powell comments, mixed US data
The New Zealand Dollar (NZD) is weakening against the US Dollar (USD) on Thursday, pressured by a stronger Greenback and cautious investor reaction to recent macroeconomic developments.
NZDUSD
Fed
Fundamental Analysis
Macroeconomics
RBNZ
EUR/GBP inches lower, tests 200-day EMA as UK GDP tops forecasts
EUR/GBP inches lower, tests 200-day EMA as UK GDP tops forecasts
EUR/GBP is trading slightly lower near 0.8420 at the time of writing on Thursday, retreating from the previous day’s highs as the pair tests the 200-day Exponential Moving Average (EMA).
EURGBP
Crosses
ECB
BOE
GDP
USD/CAD edges up to near 1.4000 even as US Dollar underperforms
USD/CAD edges up to near 1.4000 even as US Dollar underperforms
The USD/CAD pair ticks up to near the psychological level of 1.4000 during North American trading hours on Thursday. The Loonie pair trades higher despite the US Dollar (USD) trading lower following the release of the United States (US) Producer Price Index (PPI) data for April.
USDCAD
Fed
PPI
DollarIndex
BOC
US business inventories for March 0.1% vs 0.2% estimate
US business inventories for March 0.1% vs 0.2% estimate
The US business and retail inventories for March 2025
Gold consolidates despite ETF outflows – TDS
Gold consolidates despite ETF outflows – TDS
Chinese ETFs sold roughly -64koz last session, more than offsetting the +27koz inflows from global x-China ETFs.
Gold
Banks
XAUUSD
Metals
Commodities
USD/CHF corrects lower on upbeat Swiss GDP, mixed US economic data
USD/CHF corrects lower on upbeat Swiss GDP, mixed US economic data
The USD/CHF pair drifts lower, extending its consolidation within the current week’s range and trading near 0.8360 at the time of writing on Thursday.
USDCHF
SNB
GDP
Switzerland
UnitedStates
Powell speech: Revisions to Fed communications are being considered
Powell speech: Revisions to Fed communications are being considered
While delivering his prepared remarks on Framework Review at the Thomas Laubach Research Conference on Thursday, Federal Reserve (Fed) Chairman Jerome Powell said that officials agree that the strategic language around both shortfalls of employment and average inflation needs to be reconsidered.
Fed
CentralBanks
US Retail Sales rise by 0.1% in April vs. 0% expected
US Retail Sales rise by 0.1% in April vs. 0% expected
Retail Sales in the United States (US) rose by 0.1% in April to $724.1 billion, the US Census Bureau announced on Thursday. This reading followed the 1.5% increase (revised from 1.4%) recorded in March and came in slightly better than the market expectation for a no change.
UnitedStates
RetailSales
EconomicIndicator
Macroeconomics
US: Initial Jobless Claims matched consensus at 229K last week
US: Initial Jobless Claims matched consensus at 229K last week
US citizens filing new applications for unemployment insurance held steady at 229K for the week ending May 10, as reported by the US Department of Labor (DOL) on Thursday. This print matched initial estimates and the previous week's revised tally of 229K (revised from 228K).
Employment
UnitedStates
DollarIndex
EconomicIndicator
US annual PPI inflation softens to 2.4% in April vs. 2.5% expected
US annual PPI inflation softens to 2.4% in April vs. 2.5% expected
The Producer Price Index (PPI) for final demand in the US rose 2.4% on a yearly basis in April, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed the 2.7% increase recorded in March and came in below the market expectation of 2.5%.
UnitedStates
PPI
EconomicIndicator
Macroeconomics
Manufacturing
Mexican Peso slips as Banxico cut looms and US Dollar rebounds
Mexican Peso slips as Banxico cut looms and US Dollar rebounds
Mexican Peso (MXN) is weakening against the US Dollar (USD) during the US session on Thursday, as traders recalibrate expectations around monetary policy in both countries ahead of a key rate decision from the Bank of Mexico (Banxico).
USDMXN
Fed
Banxico
Mexico
SEO
EUR quietly trading around 1.12 – Scotiabank
EUR quietly trading around 1.12 – Scotiabank
Euro (EUR) is entering Thursday’s NA session with a modest 0.2% gain vs. the USD, showing losses vs. the havens while strengthening vs. the likes of AUD and NOK in a market that is trading on the disinflationary impact of a US/Iran deal, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
EURUSD
Technical Analysis
CAD vulnerable to double blow of wider spreads and lower oil prices – Scotiabank
CAD vulnerable to double blow of wider spreads and lower oil prices – Scotiabank
The CAD is entering Thursday’s NA session flat vs. the USD but trading somewhat defensively, reflecting the burden of lower oil prices amid the prospect of a possible US/Iran deal, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
USDCAD
Technical Analysis
Canada
BOC
G10 FX trades risk off on prospect of US/Iran deal & lower Oil prices – Scotiabank
G10 FX trades risk off on prospect of US/Iran deal & lower Oil prices – Scotiabank
Risk aversion is dominating as we head into Thursday’s NA session with a distribution of relative currency performance that is seeing notable strength from the havens Swiss Franc (CHF) and Japanese Yen (JPY) and weakness from the growth-sensitive commodity currencies NOK, NZD, and AUD.
Banks
Technical Analysis
Fundamental Analysis
USDCAD
DollarIndex
US Dollar steady while peace talks in Turkey are breaking down
US Dollar steady while peace talks in Turkey are breaking down
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is catching its breath and trades slightly lower just below the 101.00 level at the time of writing on Thursday, ahead of a chunky United States (US) economic calendar.
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
Walmart offers a major warning on prices
Walmart offers a major warning on prices
Walmart CEO, Doug McMillon, says that the world's largest retailer is not immune to Trump's tariffs
ForexLive European FX news wrap: Dollar sluggish alongside stocks today, oil pinned down
ForexLive European FX news wrap: Dollar sluggish alongside stocks today, oil pinned down
Forex news from the European morning session on May 15, 2025
Session wrap
Wrap Europe
USD/JPY Price Forecast: Extends losing streak for third trading day
USD/JPY Price Forecast: Extends losing streak for third trading day
The USD/JPY pair extends its losing spree for the third trading day on Thursday.
USDJPY
BOJ
Fed
DollarIndex
InterestRate
GBPUSD poised for another rally or first we get a deeper pullback?
GBPUSD poised for another rally or first we get a deeper pullback?
The GBPUSD pair is forming a bullish flag but will we get a bigger correction first?
USD/JPY is under pressure from US/South Korea talks – OCBC
USD/JPY is under pressure from US/South Korea talks – OCBC
USD/JPY continued to trade lower. Pair was last at 145.91 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Banks
Technical Analysis
Japan
BOJ
AUD/USD edges lower despite strong Australia jobs report
AUD/USD edges lower despite strong Australia jobs report
The Australian Dollar (AUD) edges lower, retreating to near 0.6400 against the US Dollar (USD) at the time of writing on Thursday, erasing early Asian session gains following a stellar Australian jobs report.
AUDUSD
Fundamental Analysis
RBA
Australia
MarketParticipants
USD/CNH: The support at 7.1700 is back in sight – UOB Group
USD/CNH: The support at 7.1700 is back in sight – UOB Group
Further sideways trading seems likely; firmer underlying tone suggests a higher range of 7.1950/7.2200. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
Gold: Continues to trade with heavy bearish bias – OCBC
Gold: Continues to trade with heavy bearish bias – OCBC
Gold has continued to trade with a heavy bearish bias as tariff de-escalation momentum gained pace, while Fed cut expectations was scaled back in terms of the timing of next cut and quantum. Gold was last at 3174.52 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Gold
XAUUSD
Banks
Commodities
Metals
USD/JPY: Expected to consolidate in a range of 144.50/148.50 – UOB Group
USD/JPY: Expected to consolidate in a range of 144.50/148.50 – UOB Group
USD is likely to trade in a sideways range of 145.70/147.50. In the longer run, upward momentum has dissipated; USD is expected to consolidate in a range of 144.50/148.50 for now, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
USD: Lots of mini Mar-a-Lago Accords? – Commerzbank
USD: Lots of mini Mar-a-Lago Accords? – Commerzbank
When news agencies yesterday announced that officials from the South Korean Ministry of Finance and the US Treasury Department had discussed exchange rates on the sidelines of a meeting in Milan, Korea's currency, the won, took a big leap. But it wasn't the only one.
Banks
DollarIndex
Politics
Forecasters expect a mild April Core PCE reading after the US CPI report
Forecasters expect a mild April Core PCE reading after the US CPI report
WSJ's Nick Timiraos shared the current forecasts for the PCE price index, which is the Fed's preferred measure of inflation