Japanese Yen Faces Further Downside Risk Against US Dollar, Warns MUFG

The post US Dollar: Supported by higher yields and data – Deutsche Bank appeared on BitcoinEthereumNews.com. Deutsche Bank analysts highlight that the Dollar Index (DXY) strengthened as United States (US) yields moved higher and data remained resilient. Retail sales matched expectations, and the Atlanta Fed’s GDPNow estimate for Q2 was revised up, underscoring solid economic momentum. Short-end Treasury yields broke above 4%, while the 10-year yield reached a 10‑month high, underpinning the Dollar’s performance. Firm US data and yields back Dollar “And in turn, 2yr Treasury yields (+3.9bps) rose above 4% for the first time since June 2025.” “The moves were more muted further out the curve however, with the 10yr Treasury yield (+1.3bps) inching up to a 10-month high of 4.48%.” “Elsewhere, markets got further support from a robust batch of US data. In particular, retail sales showed signs of resilience, with the headline measure up +0.5% in April as expected.” “And in turn, the Atlanta F

The post Canadian Dollar hits fresh monthly lows as the US Dollar rallies in risk-off markets appeared on BitcoinEthereumNews.com. The Canadian Dollar (CAD) extends losses against the US Dollar (USD) for the fourth consecutive day on Friday, with the USD/CAD pair trading in the mid-range of the 1.3700s after rallying about 0.5% so far this week. A combination of risk-off markets and higher US Treasury yields amid growing expectations of Federal Reserve (Fed) rate hikes is providing ideal conditions for Greenback buyers. The summit between US President Donald Trump and Chinese President Xi Jinping has delivered more compliments than concrete agreements, but given the controversial issues of Iran and Taiwan looming over the meeting, a friendly outcome has been considered enough to provide a further boost to the US Dollar. The Greenback has been drawing support from US macroeconomic data this week, as the strong US inflationary numbers, coupled with resilient Retail Sales figures, have pr

The post Indian Rupee Hits Record Low Near 96 Against US Dollar: What It Means appeared on BitcoinEthereumNews.com. Indian Rupee Hits Record Low Near 96 Against US Dollar: What It Means Skip to content Home Forex News Indian Rupee Hits Record Low Near 96 Against US Dollar: What It Means Source: https://bitcoinworld.co.in/indian-rupee-record-low-96-usd/

The post US Dollar Faces Summit-Driven Correction, Warns DBS appeared on BitcoinEthereumNews.com. Singapore’s DBS Group Research has issued a note suggesting the US Dollar may be headed for a correction, driven by outcomes from recent international summits and shifting macroeconomic expectations. The analysis points to a confluence of factors—including trade policy adjustments and central bank signals—that could weaken the greenback in the near term. What Is Driving the Correction View? DBS strategists highlight that market sentiment has shifted following high-level diplomatic meetings, where trade and currency agreements have introduced new uncertainties. The bank’s report emphasizes that the dollar’s recent strength was partly built on expectations of aggressive Federal Reserve tightening, but summit outcomes have tempered those bets. Additionally, a potential easing in geopolitical tensions could reduce safe-haven demand for the dollar. Key Economic Indicators at Play The analysis d

The post Euro refreshes monthly low against US Dollar as traders price out dovish Fed bets appeared on BitcoinEthereumNews.com. The Euro (EUR) trades sharply lower against the US Dollar (USD) around 1.1630 during the European trading session on Friday, the lowest level seen in over a month. The EUR/USD pair faces intense selling pressure as the US Dollar (USD) outperforms across the board due to firm expectations that the Federal Reserve (Fed) will not cut interest rates this year. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.32% 0.41% 0.05% 0.20% 0.86% 1.00% 0.25% EUR -0.32% 0.08% -0.26% -0.13% 0.54% 0.72% -0.06% GBP -0.41% -0.08% -0.34% -0.21% 0.46% 0.62% -0.15% JPY -0.05% 0.26% 0.34% 0.16% 0.80% 0.96% 0.20% CAD -0.20% 0.13% 0.21% -0.16% 0.64% 0.78% 0.05% AUD -0.86% -0.54% -0.46% -0.80% -0.64% 0.17% -0.61% NZD

The post Forex Today: US Dollar extends rally on hawkish Fed repricing appeared on BitcoinEthereumNews.com. Here is what you need to know on Friday, May 15: The US Dollar (USD) Index extends its rally and remains on track to post its largest weekly gain in two months as markets reassess the Federal Reserve’s (Fed) policy outlook. In the second half of the day, the US economic calendar will feature Industrial Production data for April and NY Fed’s Empire State Manufacturing Index for May. Following the stronger-than-forecast consumer and producer inflation data earlier in the week, US Treasury bond yields rose sharply and boosted the USD. As of writing, the benchmark 10-year US T-bond yield was sitting at its highest level in nearly a year above 4.5%, while the USD Index was up 1.3% for the week at 99.10. According to the CME FedWatch Tool, markets are currently pricing in about a 50% probability of the Fed raising the policy rate at least once by end-2026. In the meantime, US stock ind

The post Euro: Technical break points to 1.160 test versus US Dollar – ING appeared on BitcoinEthereumNews.com. ING’s Francesco Pesole highlights a significant technical break in EUR/USD below 1.170, opening scope for a test of 1.160 in coming days. Pesole stresses that widening EUR:USD two-year swap differentials back towards pre-war levels have removed a key source of Euro (EUR) resilience versus the US Dollar (USD), while political risk is adding a premium to EUR/GBP with upside risks for the cross. Rate gap widens as support fades “We saw a pretty significant technical break in EUR/USD at 1.170, which seemed to rapidly pave the way for a test of 1.160 in the coming days.” “While equities are the main driver of the pair, the moves in short-term rate differentials have been big of late. The EUR:USD two-year swap rate gap has widened 20bp from -80bp to -100bp since the start of this week. That is now close to pre-war levels, essentially removing a key driver (hawkish ECB repricing vs

The post Turkey Budget Balance fell from previous -229.9B to -338.7B in April appeared on BitcoinEthereumNews.com. Gold is extending this week’s pullback toward $4,550, declining for the fourth straight day on Friday amid a sustained US Dollar buying interest. In fact, the USD Index (DXY) hit its highest level since April 8 amid increased hawkish Fed bets-led higher US Treasury yields. Stalled US-Iran peace talks, amid major disagreements over Tehran’s nuclear program and the Strait of Hormuz, keep geopolitical risks in play. Source: https://www.fxstreet.com/news/turkey-budget-balance-fell-from-previous-2299b-to-3387b-in-april-202605150801