Forex News
Latest news from Forex market.
USD/JPY: Inflated by Fresh Risk Appetite But Still Lacks Clearer Direction Signal
USDJPY remains constructive as bounce from multi-month low (139.88) holds above broken Fibo level at 142.55 (23.6% of 151.20/139.88 bear-leg, reinforced by 10DMA) for the third consecutive day.
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UBS: Euro to Dollar Forecasts Lifted to 1.14 June 2025, 1.16 by 2026
UBS has upgraded its Euro to Dollar exchange rate forecasts, now projecting 1.14 by June, rising to 1.16 in September and December, and further increasing to 1.18 by March 2026. These revised forecasts compare with previous projections of 1.10, 1.12, 1.12, and 1.14, respectively, reflecting heightened US political uncertainty and stronger.
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AUD/USD slumps to near 0.6380 as US Dollar bounces back
The AUD/USD pair falls sharply to near 0.6380 in Friday's North American session. The Aussie pair weakens as the US Dollar (USD) resumes its upside recovery after a corrective move on Thursday.
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Risk Rebound Underpins Pound Sterling Outlook, GBP/EUR to Break Key Level
Pound Sterling has held firm against the Euro and US Dollar in global markets, underpinned by the net recovery in risk appetite and a solid UK retail sales report. The Pound to Euro exchange rate (GBP/EUR) hit 2-week highs around the key level of 1.1730 before settling around 1.1710.
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USD/JPY dodges the currency accord bullet – ING
On the subject of trade talks, US Treasury Secretary Scott Bessent's discussions with Japan and South Korea seem to be going well, ING's FX analyst Chris Turner notes.
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Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $33.42 per troy ounce, down 0.45% from the $33.57 it cost on Thursday.
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EUR/USD declines as US Dollar gains on hopes of easing US-China trade war
EUR/USD trades lower around 1.1350 during European trading hours on Friday. The major currency pair weakens due to a recovery move in the US Dollar (USD) on hopes of an improvement in trade relations between the United States (US) and China.
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EUR: 1.1250 is the risk for EUR/USD – ING
The very modest dollar bounce has seen EUR/USD trade a little lower. Over recent weeks we had mentioned that an extreme 5-6% risk premium in the dollar could see EUR/USD briefly trade 1.15/16 - which we saw on Monday - but that risk premium is now starting to come out of the dollar as the mood music on trade improves and the President has backed Fed Chair Jerome Powell.
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EUR/USD: Corrective pullback underway – OCBC
Euro (EUR) continued to ease lower after hitting a more than 3Y high of 1.1570s. EUR was last at 1.1350 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
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USD/CAD Consolidates
The Canadian dollar has stabilised against the US dollar within the 1.390–1.380 range over the past week, as market participants assess what a fair USD/CAD rate might be, given the evolving news backdrop:
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EUR/USD Stuck in Consolidation: Rumours Abound, But Facts Remain Scarce
On Friday, the major currency pair became further entrenched within a local sideways channel, hovering around 1.1339. The US dollar retained gains accumulated over recent sessions, supported by US President Donald Trump's confirmation that trade negotiations with China would continue.
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USD/CAD analysis: forms a death cross ahead of Canada election
The USD/CAD exchange rate has crashed, forming a death cross pattern ahead of the upcoming Canadian election. It has plunged from a high of 1.4795 earlier this year to 1.3900.
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Gold edges down amid clash over status of US-China trade talks
Gold price (XAU/USD) is on the back foot on Friday, almost erasing all of Thursday's gains, and looks set to close off this week in the red. The downmove comes amid increasing confusion on what is the status of the trade conflict between the United States (US) and China, with US President Donald Trump giving the impression that talks are taking place and China denying it.
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USD/CAD sits near weekly top, just below 1.3900 ahead of Canadian Retail sales
The USD/CAD pair retains its positive bias through the first half of the European session on Friday and currently trades near the top end of the weekly range. Spot prices, however, remain below the 1.3900 round-figure mark and well within striking distance of a three-year low touched earlier this week.
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Silver Price Forecast: XAG/USD slips below $33.50 due to easing US-China trade concerns
Silver price (XAG/USD) inches lower following two days of gains, trading around $33.40 per troy ounce during the European hours on Friday. The metal's safe-haven appeal weakens as reports emerge suggesting China may lift tariffs on certain US imports.
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US Dollar Forecast: Gains on Trade Talks and Fed Clarity – GBP/USD and EUR/USD
Dollar rebounds to 99.71 as trade optimism and Powell reassurance boost sentiment. EUR/USD and GBP/USD test key resistance ahead of U.S. data.
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GBP/USD forecast: C&H pattern signals more pound gains this year
The GBP/USD exchange rate has pulled back this week as the US dollar index (DXY) has stabilized. It initially rose to a high of 1.3430 earlier this week and then pulled back to the current 1.3300.
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Pound Euro Exchange Rate Forecast: GBP/EUR Price Slips on Upbeat German Data
Looking ahead, the primary driver of movement for the Pound Euro exchange rate looking ahead to Friday will likely be the publication of the UK's latest retail sales. March's retail sales index is forecast to show a slump, and is expected to drop from a previous reading of 1% down to -0.4%.
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Danske Bank Forecast: Toxic Global Environment to Hurt Pound, 12-Month GBP/EUR Forecast 1.1365
Danske Bank's currency forecasts have changed sharply since the last monthly update, and it now expects that the Pound to Euro (GBP/EUR) exchange rate will retreat to 1.1500 on a 6-month view with a further retreat to 1.1365 in12-months. The scale of the shift is illustrated by the fact that the 12-month GBP/EUR forecast in the last full.
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NZD/USD Price Forecast: Holds losses below 0.6000, support appears at nine-day EMA
The NZD/USD pair offers its recent gains registered in the previous session, trading around 0.5960 during early European trading hours on Friday.
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