Your Source For Syndicated Currency News

AUD/USD: Stable environment for the Aussie – CIBC

May 25, 2020

The Aussie is up over 4% since mid-April and an earlier than anticipated dose of optimism has forced analysts at CIBC Capital Markets to revise the AUD/USD forecast higher this month.  Key quotes “The Aussie has benefitted from optimism, as the antipodean nations have been the first to re-open economies, after shutting down due to…

EUR/USD Price Analysis: Further consolidation remains on the cards

May 25, 2020

The correction lower in EUR/USD met support in the 1.0870 area. The pair’s upside remains limited by the 200-day SMA bove 1.1000. The decline in EUR/USD seems to have bottomed out around Monday’s lows in the 1.0870 region for the time being. If sellers regain the upper hand, then a potential drop to the previous…