Dulles

USD/CHF rebounds possibly due to the hawkish remarks from Fed officials. Fed Chair Powell said that it may take "longer than expected" to gain confidence if inflation is weakening. The Swiss KOF Leading Indicator indicated robust development in the domestic economy. USD/CHF retraces its recent losse

The Mexican Peso pauses in its recovery in most major pairs. Risk appetite continues to be positive, however, supporting a bullish outlook for the Peso. Analysts at Rabobank expect the Peso to appreciate as long as volatility remains subdued. The Mexican Peso (MXN) has stalled after rallying against

EUR/USD struggles to hold gains above 1.0700 amid uncertainty ahead of key economic events. The ECB seems poised to start reducing key borrowing rates in June. Eurozone’s CPI, Q1 GDP and the Fed’s policy outlook will be in focus. The EUR/USD pair struggles to sustain above the round-level resistance

EUR/JPY faces some sell-off to 166.65 in Monday’s Asian session. The Japanese Yen rebounds from a multi-decade low amid the likely FX intervention from the BoJ. The first reading of the German Consumer Price Index (CPI) will be published later on Monday. The EUR/JPY cross loses traction to 166.65 du

NZD/USD remains steady due to risk appetite improvements for risk-sensitive currencies. The gains of the US Dollar could be limited due to the lower US Treasury yields. New Zealand’s ANZ-Roy Morgan Consumer Confidence decreased to 82.1 in April, reaching its lowest level since 2008. The NZD/USD pair