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RBA’s Bullock: This is the right cut for now, more adjustments are possible
RBA’s Bullock: This is the right cut for now, more adjustments are possible
Reserve Bank of Australia (RBA) Governor Michele Bullock is holding a press conference following the announcement of the May monetary policy decision on Tuesday.
RBA
CentralBanks
InterestRate
AUDUSD
FX option expiries for 20 May 10am New York cut
FX option expiries for 20 May 10am New York cut
A look at what is on the board for today
market overview
EUR/USD Price Forecast: Tests descending channel’s upper boundary near 1.1250
EUR/USD Price Forecast: Tests descending channel’s upper boundary near 1.1250
EUR/USD remains steady after registering more than 0.50% gains in the previous session, trading around 1.1240 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a bearish bias is in play, as the pair continues to trade lower within a descending channel pattern.
EURUSD
Technical Analysis
Majors
The AUD falls on more dovish RBA forecasts
The AUD falls on more dovish RBA forecasts
The reaction to the lower revision in growth and inflation forecasts is weighing on the Aussie dollar
AUD/JPY attracts some sellers to near 93.00, eyes on RBA Press Conference
AUD/JPY attracts some sellers to near 93.00, eyes on RBA Press Conference
The AUD/JPY cross faces some selling pressure to near 93.00 during the Asian trading hours on Tuesday. The Australian Dollar (AUD) edges lower against the Japanese Yen (JPY) after the Reserve Bank of Australia's (RBA) interest rate decision.
AUDJPY
Crosses
RBA
InterestRate
AUD/NZD declines to one-week low, around mid-1.0800s after RBA’s 25 bps rate cut decision
AUD/NZD declines to one-week low, around mid-1.0800s after RBA’s 25 bps rate cut decision
The AUD/NZD cross attracts some sellers in reaction to the Reserve Bank of Australia's (RBA) policy decision and drops to over a one-week low, around the 1.0860-1.0855 area in the last hour.
AUDNZD
RBA
Politics
Crosses
Currencies
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 Tuesday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
RBA lowers the cash rate target to 3.85% vs 4.10% prior as widely expected
RBA lowers the cash rate target to 3.85% vs 4.10% prior as widely expected
The Reserve Bank of Australia Monetary Policy Decision for May 2025
Silver Price Forecast: XAG/USD falls toward $32.00 amid potential Russia-Ukraine ceasefire
Silver Price Forecast: XAG/USD falls toward $32.00 amid potential Russia-Ukraine ceasefire
Silver price (XAG/USD) continues its decline for the third consecutive session, trading near $32.20 per troy ounce during Tuesday’s Asian session. The metal’s weakness comes as optimism over a potential ceasefire between Russia and Ukraine reduces demand for safe-haven assets.
Silver
XAGUSD
Macroeconomics
Commodities
Metals
Gold price bounces off daily low on broadly weaker USD, keeps the red amid upbeat market mood
Gold price bounces off daily low on broadly weaker USD, keeps the red amid upbeat market mood
Gold price (XAU/USD) finds some support ahead of the $3,200 round-figure mark and trims a part of its modest intraday losses, though the upside potential seems limited.
Gold
Commodities
RiskAppetite
Fed
SEO
ForexLive Asia-Pacific FX news wrap: USD/JPY swings. PBoC cuts. RBA next.
ForexLive Asia-Pacific FX news wrap: USD/JPY swings. PBoC cuts. RBA next.
Forex news for Asian trading on Tuesday, May 20, 2025
Session wrap
Wrap Asia
GBP/USD maintains position above 1.3350 as US Dollar weakens on economic concerns
GBP/USD maintains position above 1.3350 as US Dollar weakens on economic concerns
GBP/USD continues its upward momentum for the second consecutive session, hovering near 1.3360 during Asian trading hours on Tuesday. The Pound Sterling (GBP) is strengthening as the US Dollar (USD) softens in response to Moody’s Ratings downgrading the US credit rating from Aaa to Aa1.
GBPUSD
Majors
Macroeconomics
UnitedKingdom
US and Japan are expected to hold talks on Friday, May 23
US and Japan are expected to hold talks on Friday, May 23
US Treasury Secretary Bessent not expected to attend Japan, US talks on Friday
USD/INR strengthens on bets for more RBI rate cuts
USD/INR strengthens on bets for more RBI rate cuts
The Indian Rupee (INR) weakens on Tuesday. Consumer inflation in India fell more than expected to a near six-year low in April, strengthening bets that the Reserve Bank of India (RBI) is due to extend its rate cutting cycle. This, in turn, undermines the Indian currency.
USDINR
India
SEO
Macroeconomics
EmergingMarkets
NZD/USD remains subdued near 0.5900 following PBoC rate cut
NZD/USD remains subdued near 0.5900 following PBoC rate cut
NZD/USD edges lower during Tuesday’s Asian session, trading around 0.5920 after climbing over 0.50% in the previous session. The pair remained under pressure following the People's Bank of China's (PBoC) latest interest rate decision.
NZDUSD
Majors
Macroeconomics
NewZealand
Japanese Yen builds on steady intraday ascent; USD/JPY drops to nearly two-week low
Japanese Yen builds on steady intraday ascent; USD/JPY drops to nearly two-week low
The Japanese (JPY) attracts fresh buyers following an Asian session downtick on Tuesday, which, along with subdued US Dollar (USD) price action, drags the USD/JPY pair to a nearly two-week low, around the 144.60 area in the last hour.
USDJPY
RiskAppetite
BOJ
Fed
SEO
China's state planner approved 27 fixed asset investment projects in January - April
China's state planner approved 27 fixed asset investment projects in January - April
The National Development and Reform Commission of the People's Republic of China (NDRC) is China's state planner.
CNY
China Stock Market
China
CNH
Australia's Opposition coalition splits as National Party pulls back
Australia's Opposition coalition splits as National Party pulls back
The Australian Dollar (AUD) is losing further ground across its major rivals, undermined by the latest political turmoil in Australia. However, traders remain cautious ahead of the Reserve Bank of Australia (RBA) policy announcement due later at 4.30 GMT.
AUDUSD
Australia
Politics
Australian Dollar declines as RBA's Bullock signals further policy adjustments
Australian Dollar declines as RBA's Bullock signals further policy adjustments
The Australian Dollar (AUD) dips against the US Dollar (USD) on Tuesday, following a gain of over 0.50% in the previous session. The AUD/USD pair remains under pressure after the interest rate decisions from the Reserve Bank of Australia (RBA) and the People's Bank of China (PBoC).
AUDUSD
SEO
Macroeconomics
Majors
Australia
Australian politics - Opposition coalition splits. Nationals withdraw.
Australian politics - Opposition coalition splits. Nationals withdraw.
The split follows a big loss for the coalition in the recent election. The governing Labor Party was returned with an enhanced and sweeping mandate at their expense.
Japan’s Kato hints at plans to speak with US Treasury Secretary Scott Bessent on FX this week
Japan’s Kato hints at plans to speak with US Treasury Secretary Scott Bessent on FX this week
Japan’s Finance Minister Shunichi Kato said on Tuesday that he expects any talks with US Treasury Secretary Scott Bessent this week to be based on this understanding of foreign exchange.
Japan
UnitedStates
Macroeconomics
TradeWar
PBOC cuts Loan Prime Rates in May, as expected
PBOC cuts Loan Prime Rates in May, as expected
The People’s Bank of China (PBOC), China's central bank, announced a cut in its Loan Prime Rates (LPRs) on Tuesday. The one-year LPR was cut from 3.1% to 3.00%, while the five-year LPR was cut from 3.60% to  3.50%. 
PBOC
InterestRate
Macroeconomics
Gold Price Forecast: XAU/USD holds below $3,250 on modest US Dollar strength
Gold Price Forecast: XAU/USD holds below $3,250 on modest US Dollar strength
The Gold price (XAU/USD) edges lower to around $3,230 during the early Asian session on Tuesday, pressured by a modest US Dollar (USD) rebound. However, the concerns over the US economic health after Moody's downgrades the US national credit rating might cap its downside. 
Gold
XAUUSD
Commodities
Macroeconomics
PBOC sets USD/CNY reference rate at 7.1931 vs. 7.1916 previous
PBOC sets USD/CNY reference rate at 7.1931 vs. 7.1916 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1931 as compared to the previous day's fix of 7.1916 and 7.2112 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
China says US undermined the consensus reached in Geneva tariff talks
China says US undermined the consensus reached in Geneva tariff talks
China on Monday accused the US of undermining the two countries’ preliminary trade agreement after the US issued an industry warning against using Chinese chips that singled out Huawei, per CNBC. 
UnitedStates
China
Macroeconomics
WTI edges higher above $62.00 as US-Iran nuclear talks stall
WTI edges higher above $62.00 as US-Iran nuclear talks stall
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.10 during the Asian trading hours on Tuesday. The WTI price edges higher on signs of a breakdown in US negotiations with Iran over its nuclear program, while Moody's downgrades the US national credit rating.
Oil
WTI
Commodities
Macroeconomics
EUR/USD bolstered by weakness in USD flows on Monday
EUR/USD bolstered by weakness in USD flows on Monday
EUR/USD tested into the high end on Monday, drifting briefly toward the 1.1300 handle before settling back slightly, although the pair still ended the day higher overall. However, Fiber remains trapped in a near-term consolidation zone.
EURUSD
PMI
Currencies
ICYMI - China said the US has undermined the consensus reached in Geneva tariff talks
ICYMI - China said the US has undermined the consensus reached in Geneva tariff talks
On Monday, US time, China issued a statement on US adjusting chip export controls
CNY
China Stock Market
China
CNH
USD/CAD remains weak near 1.3950 ahead of Canadian CPI release
USD/CAD remains weak near 1.3950 ahead of Canadian CPI release
The USD/CAD pair softens to near 1.3950 during the early Asian session on Tuesday. The Greenback edges lower against the Canadian Dollar (CAD) on a surprise downgrade of the US government's credit rating late on Friday and renewed trade tensions.
USDCAD
Majors
Macroeconomics
US President Donald Trump: Zelenskyy challenging to work with
US President Donald Trump: Zelenskyy challenging to work with
US President Donald Trump added further comments on Monday to his earlier statements about impending Russia-Ukraine ceasefire talks.
UnitedStates
RussianFederation
Ukraine
Politics
GBP/USD breaks above recent consolidation on fresh Greenback weakness
GBP/USD breaks above recent consolidation on fresh Greenback weakness
GBP/USD rose at the outset of the new trading week, briefly testing the 1.3400 handle for the second time in two weeks. Despite an early bullish push in cable bids, buyers couldn’t lock in a fresh high, and price action trimmed back to a more sedate 1.3350.
GBPUSD
CPI
PMI
Bullock Speech: RBA Governor speaks on interest rate outlook after the expected 25 bps cut
Bullock Speech: RBA Governor speaks on interest rate outlook after the expected 25 bps cut
Reserve Bank of Australia (RBA) Governor Michele Bullock is addressing the press conference, explaining the reason behind the interest rate cut to 3.85% in the May policy meeting.
RBA
AUDUSD
CentralBanks
SEO
InterestRate