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EUR/USD Forecast: Pressuring the upper end of the range


6/9/2021 12:39:23 PM GMT
EUR/USD Current Price: 1.2192
German’s trade balance posted a surplus of €15.9 billion in April.
US Treasury yields keep falling, weighing on the American currency.
EUR/USD is mildly bullish near the 1.22 figure, the momentum is limited.
The EUR/USD pair approaches the 1.2200 figure but keeps trading within familiar levels in another quiet day across the FX board. The greenback shed some ground on the back of easing US Treasury yields, as US inflation and its possible effects on the Federal Reserve’s monetary policy remains the main theme.
A scarce macroeconomic calendar exacerbates the quietness. Germany published the April Trade Balance, which posted a seasonally adjusted surplus of €15.9 billion, below expected. As for the US, the country published MBA Mortgage Approvals for the week ended on June 4, which came in at -3.1% better than the previous -4%. The country will publish April Wholesale Inventories. ....

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AUD/USD erases majority of daily losses, trades around 0.7750


 
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USD/IDR Price News: Rupiah seesaws around $14,400 on upbeat Indonesia trade data, budget proposal


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USD/IDR Price News: Rupiah seesaws around $14,400 on upbeat Indonesia trade data, budget proposalNEWS |
5/20/2021 4:43:30 AM GMT
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By Anil Panchal
USD/IDR struggles for a clear direction around two-week top.
Indonesia April Trade Balance $+2.19 billion, Exports, Imports also came in stronger.
Indonesian Finance Minister proposes 2022 budget parliament.
Reuters poll suggesting investors are marginally bullish over IDR.
USD/IDR wobbles around 14,385, down 0.05% intraday, after multiple catalysts from Indonesia troubled the pair traders during early Thursday. Among them, April trade numbers and budget release gained major attention but risk-off mood tests the pair buyers.
Indonesia’s Trade Balance jumped from the $1.0 billion forecasts and $1.56 billion prior in April. On the same line, Exports and Imports also crossed 41% and 29.81% respective expected figures with 51.94% and  29.93% growth in t ....

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