The Canadian Dollar (CAD) is modestly firmer on the session but still well within recent trading ranges, Scotiabank's Chief FX Strategist Shaun Osborne notes.
The EUR/USD tanks and breaks below 1.08 after the March preliminary United States (US) Purchase Manager's Index (PMI) reading came in stronger on the Services sector than expected. Overall, the pair is expected to stay around 1.08 for now after
EUR/GBP eased back below 0.840 last week following a modestly hawkish BoE meeting and broader unwinding of EUR longs, ING's FX analyst Francesco Pesole notes.
Euro (EUR) fell for a 3rd consecutive session. EUR was last seen trading at 1.0834 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Our considerations above on somewhat fading optimism on a speedy ceasefire in Ukraine have likely contributed to softer EUR momentum, ING's FX analyst Francesco Pesole notes.
Gold’s price (XAU/USD) is looking for direction while orbiting around $3,020 at the time of writing, on the back of fresh tariff headlines over the weekend. News emerging that the Trump administration will ease off on the broad scope of tariffs being
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on a three-day-old recovery from a multi-month low and attracts fresh sellers at the start of a new week.
The Eurozone manufacturing sector contraction eased, while service sector activity underperformed in March, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Monday.
The German manufacturing sector activity performed better than expected while the services sector worsened in March, the preliminary business activity report published by the HCOB survey showed Monday.
European Central Bank (ECB) Executive Board member Piero Cipollone said on Monday, “the inflation target may be reached sooner than the last projections indicated.” Additional quotes Key elements strengthen the case for further rate cuts.
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