News

South Korea FX Reserves increased to 427.88B in April from previous 423.66B

Source  Fxstreet1778101204
Indonesia: Fiscal slippage keeps bearish bias – Societe Generale

Societe Generale analysts Kunal Kundu and Galvin Chia say Indonesia’s early‑2026 fiscal deterioration is driven by front‑loaded expenditure, with the primary balance already in deficit and raising financing needs.

Source  Fxstreet1778097060
USD/PHP: Inflation shock drives underperformance risk – MUFG

MUFG’s Michael Wan highlights that the Philippines faces heightened vulnerability to Middle East supply disruptions, with April Consumer Price Index (CPI) surging to 7.2% year-on-year, far above expectations.

Source  Fxstreet1778094720
South Korea: Gradual CPI rise keeps BoK cautious – ING

ING’s Senior Economist Min Joo Kang notes that South Korean inflation accelerated in April on higher energy prices, but government measures such as food vouchers, a gasoline price cap and frozen utility tariffs helped limit the increase.

Source  Fxstreet1778088988
Fed’s Goolsbee: Productivity's impact on inflation and interest rates could go in either direction

Austan Goolsbee, President of the Federal Reserve (Fed) Bank of Chicago, spoke at the 2026 Milken Institute Global Conference in California, United States, on Wednesday. He stated that the impact of rising productivity on inflation remains an active topic of debate among the Fed.

Source  Fxstreet1778087651
China: Managed trade truce prospects – Standard Chartered

Standard Chartered economists Carol Liao and Shuang Ding argue that both the US and China are incentivised to keep their bilateral relationship stable as President Trump’s 14–15 May visit approaches.

Source  Fxstreet1778086920
LatAm: Hedging demand rises with Banxico in focus – BNY

BNY’s Geoff Yu argues Latin American FX and equities now represent a single crowded ‘total return’ trade, with all regional currencies still overheld while bond holdings begin to reverse unevenly.

Source  Fxstreet1778083962
Fed’s Musalem: inflation is meaningfully above target

Albert Musalem, President of the Federal Reserve (Fed) Bank of St. Louis, spoke at the Mississippi Bankers Association on Wednesday. He said that uncertainty around tariffs and war are headwind.

Source  Fxstreet1778078607
ECB: Weak Eurozone PMIs reinforce stagflation risk – BNY

BNY highlights a broad Eurozone PMI downturn, with the composite back in contraction and services particularly weak, while producer prices and input costs re‑accelerate. The bank notes markets assume ECB policy cannot diverge much from peers, a view it challenges.

Source  Fxstreet1778076477

Canada Ivey Purchasing Managers Index s.a came in at 57.7, above forecasts (49.9) in April

Source  Fxstreet1778076003
Latest US proposal to Iran contains some unacceptable provisions – Tasnim News Agency

Citing an unnamed source, Iran's Tasnim News Agency reported that Iran has not yet responded to the United States' latest proposal, which contained some unacceptable provisions.

Source  Fxstreet1778074185
Fed: Warsh’s policy shift and Dollar outlook – Commerzbank

Commerzbank economists Bernd Weidensteiner and Christoph Balz assess how incoming Fed Chair Kevin Warsh could reshape U.S. monetary policy and its implications for the Dollar.

Source  Fxstreet1778071286

United States ADP Employment Change registered at 109K above expectations (99K) in April

Source  Fxstreet1778069701
US President Trump: If Iran doesn't agree, bombing starts at much higher level

"Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective blockade will allow the Hormuz Strait to be open to all, including Iran," United States (US) President Donald Trump said in a post p

Source  Fxstreet1778068729
Asian FX: Differentiation theme with Oil and AI – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong expect a mixed performance across Asian FX as a fragile US‑Iran ceasefire cools Oil from recent highs but does not deliver a clean de-escalation.

Source  Fxstreet1778067149
EUR/RON: Political crisis drives volatility spike – Commerzbank

Commerzbank’s Tatha Ghose highlights a sharp rise in Leu volatility after Romania’s government lost a no-confidence vote, leaving Prime Minister Ilie Bolojan as caretaker. The pro‑EU coalition’s collapse clouds prospects for fiscal consolidation and EU funds.

Source  Fxstreet1778066501
PLN: NBP seen ending easing cycle with rates on hold – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad expects the National Bank of Poland (NBP) to keep its policy rate at 3.75% for a second consecutive meeting, effectively signalling an end to its 200 bps easing cycle over the past year.

Source  Fxstreet1778066013

United States MBA Mortgage Applications: -4.4% (May 1) vs previous -1.6%

Source  Fxstreet1778065201
AUD: Carry support and energy link – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong highlight that the Reserve Bank of Australia’s latest 25 bps hike to 4.35% and a more balanced guidance underpin a constructive Australian Dollar outlook.

Source  Fxstreet1778059418
Breaking: Risk flows dominate as Axios reports US-Iran close in on deal to end conflict

According to Axios, the United States and Iran are moving towards a deal to end the conflict.

Source  Fxstreet1778058248
Poland: NBP seen steady with hawkish tilt – ING

ING economists Rafal Benecki and Adam Antoniak expect the National Bank of Poland (NBP) to keep policy rates unchanged at 3.75% in coming months, despite higher April Consumer Price Index (CPI) and stronger March activity data.

Source  Fxstreet1778056686

United Kingdom S&P Global Services PMI above expectations (52) in April: Actual (52.7)

Source  Fxstreet1778056202

United Kingdom S&P Global Composite PMI registered at 52.6 above expectations (52) in April

Source  Fxstreet1778056201

Italy Retail Sales s.a. (MoM) above forecasts (-0.4%) in March: Actual (0.8%)

Source  Fxstreet1778054457

Italy Retail Sales n.s.a (YoY) up to 3.7% in March from previous 1.6%

Source  Fxstreet1778054456
DXY: Fed transition and geopolitics steer support – DBS

DBS Group Research’s Philip Wee argues that the USD Index (DXY) is at an inflection point, consolidating in a 98–99 range after retracing its post-Operation Epic Fury rally.

Source  Fxstreet1778054287
ADP Employment Report expected to show private-sector job gains accelerated in April 

Developments in the Middle East conflict are likely to remain at the forefront this week, but investors will also keep an eye on a string of US labour market figures.

Source  Fxstreet1778052600

Spain HCOB Services PMI came in at 47.9 below forecasts (52) in April

Source  Fxstreet1778051701
EUR/PLN: Range trading around 200DMA – Societe Generale

Societe Generale strategists observe that EUR/PLN has recently rebounded after defending an ascending trend line from February 2025 near 4.2100. The pair continues to oscillate around the 200-DMA, lacking clear direction.

Source  Fxstreet1778051615
EUR/NOK: Norges Bank stance supports gradual downside – Commerzbank

Commerzbank’s Antje Praefcke expects Norges Bank to keep rates at 4.0% but maintain a distinctly hawkish tone compared with the Riksbank. With Norwegian inflation above target, the bank projects one or two hikes by year-end and may act in June if Iran-related risks persist.

Source  Fxstreet1778050624
goTop
quote