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NZD/USD moves above 0.6000 despite NZIER’s recommendation for a rate cut
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.
NZDUSD
Macroeconomics
Majors
NewZealand
India Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Monday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
FX option expiries for May 26 NY cut
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.
Options
Currencies
China's Li: Weighing new policy tools as economic and trade order is under severe impact
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.
China
AUDUSD
Macroeconomics
ForexLive Asia-Pacific FX news wrap: Trump delays 50% EU tariff date from June 1 to July 9
ForexLive Asia-Pacific FX news wrap: Trump delays 50% EU tariff date from June 1 to July 9
Forex news for Asian trading on Monday 26 May 2025
Session wrap
Wrap Asia
WTI holds gains above around $61.50 due to easing US-EU trade concerns
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).
Oil
WTI
Macroeconomics
Commodities
Majors
Fed’s Kashkari: Uncertainty is top of the mind for Fed, US businesses
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.”
Fed
InterestRate
UnitedStates
DollarIndex
CentralBanks
US Senator Johnson: We have enough votes to stop Trump’s tax cuts bill
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.”
UnitedStates
Politics
DollarIndex
FiscalPolicy
USD/CAD slides below 1.3700 mark, fresh YTD trough amid sustained USD selling
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.
USDCAD
FiscalPolicy
Fed
BOC
Currencies
US Senator says there are enough NO votes to block Trump's "One Big, Beautiful Bill"
US Senator says there are enough NO votes to block Trump's "One Big, Beautiful Bill"
The bill passed the lower house last week and will be voted on in the Senate
Politics
USD/INR attracts some sellers on weaker US Dollar, stronger Chinese Yuan
USD/INR attracts some sellers on weaker US Dollar, stronger Chinese Yuan
The Indian Rupee (INR) edges higher 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.
USDINR
India
SEO
Macroeconomics
EmergingMarkets
Australian Dollar posts fresh six-month highs as US debt concerns grow
Australian Dollar posts fresh six-month highs as US debt concerns grow
The Australian Dollar (AUD) continues to gain ground against the US Dollar (USD) on Monday, reaching a fresh six-month high at 0.6537. The AUD/USD pair receives support as the US Dollar remains under downward pressure amid rising uncertainty surrounding the United States (US) fiscal deficit.
AUDUSD
SEO
Majors
Macroeconomics
Australia
Japanese Yen bulls have the upper hand amid trade optimism and hawkish BoJ expectations
Japanese Yen bulls have the upper hand amid trade optimism and hawkish BoJ expectations
The Japanese Yen (JPY) hit a fresh monthly high against its American counterpart following an Asian session slide on Monday and seems poised to appreciate further.
USDJPY
BOJ
Fed
FiscalPolicy
SEO
China criticises Australia's effort to return Darwin port to local ownership
China criticises Australia's effort to return Darwin port to local ownership
In 2015 Australia leased the port to China for 99 years, but now wants to renege
China
AUD
USD appears friendless in Asia trade (except for the PBoC propping it up!)
USD appears friendless in Asia trade (except for the PBoC propping it up!)
EUR, AUD, GBP, NZD, CAD and CNH! all rising solidly against the US dolalr
Gold Price Forecast: XAU/USD holds below $3,350 as trade war eases
Gold Price Forecast: XAU/USD holds below $3,350 as trade war eases
The Gold price (XAU/USD) attracts some sellers to near $3,335 during the early Asian session on Monday. The de-escalation of the trade war provides some support to the yellow metal. The FOMC Minute will be the highlight later on Wednesday. 
Gold
XAUUSD
Macroeconomics
Commodities
EUR/USD rises to near 1.1400 as Trump extends tariff deadline on imports from EU
EUR/USD rises to near 1.1400 as Trump extends tariff deadline on imports from EU
EUR/USD extends its gains for the second successive session, trading around 1.1390 during the Asian hours on Monday. The Euro (EUR) gains ground as Bloomberg reported that US President Donald Trump agreed to extend the 50% tariff deadline on the European Union (EU) until July 9. On Sunday.
EURUSD
Majors
Macroeconomics
Eurozone
PBOC sets USD/CNY reference rate at 7.1833 vs. 7.1919 previous
PBOC sets USD/CNY reference rate at 7.1833 vs. 7.1919 previous
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1833 as compared to Friday's fix of 7.1919 and 7.1737 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
GBP/USD advances beyond mid-1.3500s, fresh high since February 2022
GBP/USD advances beyond mid-1.3500s, fresh high since February 2022
The GBP/USD pair is seen building on last week's strong move up and gaining some follow-through positive traction during the Asian session on Monday. The momentum lifts spot prices beyond the 1.3550 level, to the highest level since February 2022, and is sponsored by a combination of factors.
GBPUSD
BOE
Fed
FiscalPolicy
Currencies
Japan signals intent to reach tariff deal with US in June
Japan signals intent to reach tariff deal with US in June
Japan’s chief trade negotiator Ryosei Akazawa indicated his aim to advance tariff talks with the United States in time for a June meeting between US President Donald Trump and Japan’s Prime Minister Shigeru Ishiba, per Bloomberg.  
Japan
UnitedStates
TradeWar
Macroeconomics
Reminder - UK and US holidays today, Monday, May 26, 2025 - markets closed
Reminder - UK and US holidays today, Monday, May 26, 2025 - markets closed
Its Spring Bank holiday in the UK and Memorial Day in the US
GBP
USD
Iran says discussions with US 'complicated' after fifth round of nuclear talks
Iran says discussions with US 'complicated' after fifth round of nuclear talks
Iranian Foreign Minister Abbas Araghchi said on Friday that discussions with the United States (US) over its nuclear program were complicated as the fifth round of talks concluded in Rome.
Iran
UnitedStates
MiddleEast
Macroeconomics
BoC’s Macklem: Trump’s tariffs the “biggest headwind”
BoC’s Macklem: Trump’s tariffs the “biggest headwind”
Bank of Canada Governor Macklem spoke with the New York Times, saying that US President Donald Trump’s tariffs are the biggest headwind for the country. 
BOC
Canada
CentralBanks
Macroeconomics
Weekend - Japan PM aims for a trade deal with US by mid-June
Weekend - Japan PM aims for a trade deal with US by mid-June
Japanese Prime Minister Ishiba aims to achieving trade agreement during the Group of Seven summit, June 15.
Russia’s largest drone and missile attack on Ukraine kills at least 12
Russia’s largest drone and missile attack on Ukraine kills at least 12
Ukrainian officials said early Sunday that a massive Russian drone-and-missile attack targeted Kyiv and other regions in the country for a second consecutive night, killing at least 12 people and injuring dozens.
Ukraine
RussianFederation
Macroeconomics
US President Donald Trump extends deadline for 50% tariffs on EU goods to July 9
US President Donald Trump extends deadline for 50% tariffs on EU goods to July 9
US President Donald Trump said on Sunday that he agreed to an extension on the 50% tariff deadline on the European Union (EU) until July 9 after a phone call with Commission President Ursula von der Leyen, per Bloomberg. 
Europe
UnitedStates
TradeWar
Macroeconomics
AUD/USD extends upside to near 0.6500 amid weaker US Dollar
AUD/USD extends upside to near 0.6500 amid weaker US Dollar
The AUD/USD pair extends the rally to around 0.6500 during the early Asian session on Monday. The persistent trade war fears and the ongoing “sell America” trend drag the US dollar (USD) lower and provide some support to the pair. US markets are closed due to the Memorial Day holiday on Monday. 
AUDUSD
Majors
Macroeconomics
Stand by for Globex opening at the top of the hour
Stand by for Globex opening at the top of the hour
It's the Memorial Day holiday in the US on Monday but CME Globex is opening for trade imminently
S&P Futures
Nasdaq
EU's Von der Leyen spoke with Trump, said  EU needs time until July 9 to reach a good deal
EU's Von der Leyen spoke with Trump, said  EU needs time until July 9 to reach a good deal
European Commission President Ursula von der Leyen had a phone call with Trump on Sunday