The post Canadian Dollar weakens on risk-off mood, dovish BoC’s tone appeared on BitcoinEthereumNews.com.
USD/CAD extends its gains for the second successive day, trading around 1.3810 during the early European hours on Monday. The pair appreciates as the US Dollar (USD) holds ground on increased safe-haven demand amid US-Iran peace uncertainty. The US ISM Manufacturing Purchasing Managers Index (PMI) report will be published later on Monday. The geopolitical landscape remains fluid as diplomatic channels between Washington and Tehran experience ongoing activity. Iranian Foreign Minister Abbas Araghchi confirmed that talks and message exchanges with the United States are currently underway. However, Araghchi maintained a cautious stance, emphasizing that it remains impossible to properly evaluate the trajectory of these negotiations until a definitive and clear outcome is officially reached. Adding momentum to these diplomatic efforts, US President Donald Trump has requested specific r
The post US Dollar: Stable tone as markets eye data and Warsh – MUFG appeared on BitcoinEthereumNews.com.
MUFG’s Derek Halpenny notes the US Dollar is broadly stable at the start of June as markets watch US-Iran negotiations and a busy US data calendar. He highlights that a confirmed deal could allow the Federal Reserve to look through the energy shock, but stronger inflation data would complicate this and could still weigh on the Dollar via a dovish Warsh-led Fed. Dollar steadies into key US data “The US dollar is broadly stable as we start a new month with no sign of the key breakthrough needed in order to have a formal ceasefire extension agreement reached.” “But as usual, the start of a new month brings with it a lot of the key economic data prints in the US. If a deal is announced and confirmed by President Trump there may well be a greater willingness amongst Fed officials to look through the energy price shock. Still, the extent in which the crude oil price declines further will
The post United Kingdom S&P Global Manufacturing PMI up to 53.9 in May from previous 53.7 appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/united-kingdom-sp-global-manufacturing-pmi-up-to-539-in-may-from-previous-537-202606010830
The post Eurozone M3 Money Supply (3m) fell from previous 3.2% to 3% in April appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/eurozone-m3-money-supply-3m-fell-from-previous-32-to-3-in-april-202606010801
The post Eurozone HCOB Manufacturing PMI above expectations (51.4) in May: Actual (51.6) appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/eurozone-hcob-manufacturing-pmi-above-expectations-514-in-may-actual-516-202606010800
The post Germany HCOB Manufacturing PMI above forecasts (49.9) in May: Actual (50.1) appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/germany-hcob-manufacturing-pmi-above-forecasts-499-in-may-actual-501-202606010755
The post Austria Unemployment Rate declined to 7.1% in May from previous 7.5% appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/austria-unemployment-rate-declined-to-71-in-may-from-previous-75-202606010750
The post France HCOB Manufacturing PMI registered at 49.7 above expectations (48.9) in May appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/france-hcob-manufacturing-pmi-registered-at-497-above-expectations-489-in-may-202606010750
The post Italy HCOB Manufacturing PMI came in at 52.9, above expectations (52) in May appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/italy-hcob-manufacturing-pmi-came-in-at-529-above-expectations-52-in-may-202606010745
