Global currency news

Here are some recent global currency news updates:

USD:

• The US dollar strengthened against most major currencies after the Federal Reserve kept interest rates unchanged, but hinted at potential rate cuts in the future.
• The US-China trade tensions continue to weigh on the dollar, with investors seeking safe-haven assets like the Japanese yen and Swiss franc.

EUR:

• The euro fell to a three-week low against the dollar after the European Central Bank (ECB) kept interest rates unchanged and signaled no rate cuts in the near future.
• The ECB's dovish stance and concerns over the eurozone's economic growth outlook weighed on the currency.

GBP:

• The British pound fell to a two-week low against the dollar after the UK's Office for National Statistics (ONS) reported a surprise contraction in the country's economy in the first quarter.
• The pound is also being affected by the ongoing uncertainty surrounding Brexit and the potential for a no-deal exit.

JPY:

• The Japanese yen strengthened against the dollar and euro as investors sought safe-haven assets amid global market volatility.
• The Bank of Japan (BOJ) kept interest rates unchanged and maintained its dovish stance, supporting the yen's gains.

AUD:

• The Australian dollar fell to a two-week low against the dollar after the Reserve Bank of Australia (RBA) cut interest rates to a record low and signaled further easing if needed.
• The RBA's dovish stance and concerns over the country's economic growth outlook weighed on the currency.

Other currencies:

• The Canadian dollar fell to a two-week low against the dollar after the Bank of Canada (BoC) kept interest rates unchanged and signaled no rate cuts in the near future.
• The Swiss franc strengthened against the dollar and euro as investors sought safe-haven assets amid global market volatility.
• The Chinese yuan fell to a two-week low against the dollar amid concerns over the country's economic growth outlook and the ongoing US-China trade tensions.

Currency pairs:

• EUR/USD: The euro fell to a three-week low against the dollar, trading around 1.1150.
• USD/JPY: The dollar fell to a two-week low against the yen, trading around 109.50.
• GBP/USD: The pound fell to a two-week low against the dollar, trading around 1.2950.
• AUD/USD: The Australian dollar fell to a two-week low against the dollar, trading around 0.6950.

Economic data:

• The US economy grew at a 3.2% annualized rate in the first quarter, slightly below expectations.
• The eurozone economy contracted by 0.4% in the first quarter, worse than expected.
• The UK economy contracted by 0.2% in the first quarter, worse than expected.
• The Australian economy grew at a 0.4% quarterly rate in the first quarter, slightly below expectations.

Market sentiment:

• Global market sentiment remains cautious amid ongoing trade tensions and concerns over the global economy.
• Investors are seeking safe-haven assets like the Japanese yen and Swiss franc, while avoiding riskier currencies like the Australian dollar and British pound.
• The US dollar is expected to remain strong in the near term, supported by the Federal Reserve's dovish stance and the country's relatively strong economic growth outlook.