News

Vietnam: Inflation surge raises SBV hike odds – DBS

DBS Group Research economist Chua Han Teng expects the State Bank of Vietnam (SBV) to turn more hawkish as Vietnam’s inflation accelerates and stays above target.

Source  Fxstreet1778013540
Indonesia: Growth outlook steady with fiscal constraints – UOB

UOB economists Enrico Tanuwidjaja and Vincentius Ming Shen highlight that Indonesia’s 1Q26 Gross Domestic Product (GDP) beat expectations at 5.61% year-on-year, driven by government spending, household consumption and investment.

Source  Fxstreet1778010840
Philippines: Inflation surge raises BSP hike risks – ING

ING’s Deepali Bhargava highlights that Philippine Consumer Price Index (CPI) has jumped to a three‑year high, driven mainly by broad‑based food and fuel‑related pressures, and now looks set to average above 8% in 2Q.

Source  Fxstreet1778008020
India: BJP gains and market focus – DBS

DBS Group Research economist Radhika Rao analyses recent Indian state election results, highlighting the BJP’s (Bharatiya Janata Party) historic gains in West Bengal and a third-term win in Assam, alongside shifts in Tamil Nadu and Kerala.

Source  Fxstreet1778005461
Canada: Trade outlook stabilizes with energy boost – RBC

Royal Bank of Canada (RBC) economist Nathan Janzen notes that higher Oil and Gold exports pushed Canada’s trade balance back into surplus in March, even as non-energy exports remain under pressure from U.S. tariffs.

Source  Fxstreet1777999324

New Zealand GDT Price Index: 1.5% vs -2.7%

Source  Fxstreet1777996895
US JOLTS Job Openings decline to 6.866 million in March

The number of job openings in the United States (US) printed at 6.866 million in March, down from the revised 6.922 million in February, the US Bureau of Labor Statistics (BLS) reported in its Job Openings & Labor Turnover (JOLTS) report on Tuesday.

Source  Fxstreet1777991057

France Budget Balance dipped from previous €-32.12B to €-42.9B in March

Source  Fxstreet1777990729

United States RealClearMarkets/TIPP Economic Optimism (MoM) above forecasts (42) in May: Actual (42.6)

Source  Fxstreet1777989871
US ISM Services PMI eases to 53.6 in April

Economic activity in the US service sector lost some momentum in April, with the ISM Services PMI easing to 53.6 from 54.0 in the previous month, coming in below analysts' expectations.

Source  Fxstreet1777989743

United States New Home Sales (MoM) above forecasts (0.668M) in March: Actual (0.682M)

Source  Fxstreet1777989650

United States New Home Sales (MoM) came in at 0.628M, below expectations (0.668M) in March

Source  Fxstreet1777989645

United States New Home Sales (MoM) increased to 0.635M in February from previous 0.587M

Source  Fxstreet1777989640

United States New Home Sales (MoM) registered at 682M above expectations (0.668M) in March

Source  Fxstreet1777989617

United States JOLTS Job Openings came in at 6.866M, above expectations (6.83M) in March

Source  Fxstreet1777989610

United States ISM Services Prices Paid unchanged at 70.7 in April

Source  Fxstreet1777989605

United States ISM Services PMI below forecasts (53.7) in April: Actual (53.6)

Source  Fxstreet1777989602

United States ISM Services Employment Index up to 48 in April from previous 45.2

Source  Fxstreet1777989601

United States ISM Services New Orders Index fell from previous 60.6 to 53.5 in April

Source  Fxstreet1777989601

United States S&P Global Composite PMI came in at 51.7 below forecasts (52) in April

Source  Fxstreet1777988705

United States S&P Global Services PMI below expectations (51.3) in April: Actual (51)

Source  Fxstreet1777988701
Brent: Geopolitics eclipses UAE's exit from OPEC – Societe Generale

Societe Generale’s commodity team notes that Brent prices rose nearly 4% on the day the UAE announced its exit from OPEC and OPEC+, as Hormuz-related tensions overshadowed what would normally be a bearish supply shock.

Source  Fxstreet1777987381

United States Redbook Index (YoY) climbed from previous 7.7% to 7.8% in May 1

Source  Fxstreet1777985967

United States Goods Trade Balance dipped from previous $-87.9B to $-88.7B in March

Source  Fxstreet1777984229

Canada Exports up to $72.77B in March from previous $66.31B

Source  Fxstreet1777984204

Canada International Merchandise Trade came in at $1.78B, above forecasts ($-2.8B) in March

Source  Fxstreet1777984203

Canada Imports dipped from previous $72.05B to $70.99B in March

Source  Fxstreet1777984203

United States Goods and Services Trade Balance above expectations ($-60.5B) in March: Actual ($-60.3B)

Source  Fxstreet1777984201
RBA: August hike to 4.60% increasingly likely – TD Securities

TD Securities strategists Prashant Newnaha and Alex Loo highlight that the Reserve Bank of Australia (RBA) raised the cash rate to 4.35% with a dovish message, viewing risks to inflation and growth as more balanced.

Source  Fxstreet1777981597

Spain 12-Month Letras Auction increased to 2.635% from previous 2.611%

Source  Fxstreet1777970687
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