Day: May 27, 2026

Sellers eye 0.7100 support as momentum indicators weaken

Sellers eye 0.7100 support as momentum indicators weaken

AUD/USD attracts sellers on Wednesday as softer-than-expected Australian inflation data weighs on the Australian Dollar (AUD), while persistent uncertainty surrounding a potential US-Iran peace deal keeps the US Dollar (USD) supported. At the time of writing, the pair is trading around 0.7136, down nearly 0.44% on the day. Data released earlier on the day showed […]

Forint strength opens easing room – Commerzbank

Forint strength opens easing room – Commerzbank

Commerzbank’s Tatha Ghose reports that Hungary’s MNB kept rates at 6.25%, citing Iran-related inflation risks but acknowledging room to cut after a strong Forint rally. With improved inflation dynamics and EUR/HUF strength, he expects a couple of cuts in coming months, sees a 50 bp move as more likely than 25 bp, and forecasts EUR/HUF […]

Gold drops to one-week low below $4,500 as hawkish bets grow

Gold drops to one-week low below ,500 as hawkish bets grow

Gold (XAU/USD) attracts some sellers for the second consecutive day and drops to a one-week low, around the $4,575 region, during the first half of the European session on Wednesday. Persistent geopolitical uncertainties continue to support the safe-haven US Dollar (USD) and undermine demand for the commodity. Moreover, inflationary concerns have raised expectations for more […]