News

Australia Producer Price Index (QoQ) came in at 0.4%, below expectations (0.9%) in 1Q

Source  Fxstreet1777599002

Australia Producer Price Index (YoY) declined to 3% in 1Q from previous 3.5%

Source  Fxstreet1777599001
Japan’s Mimura: In close contact with US on foreign exchange

Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said on Friday that he had no comment on foreign exchange intervention and crude oil futures. Mimura added that the official is in close contact with the United States (US) on currency.

Source  Fxstreet1777595623

Japan Jibun Bank Manufacturing PMI registered at 55.1 above expectations (54.9) in April

Source  Fxstreet1777595401

Ireland AIB Manufacturing PMI up to 54.9 in April from previous 53.7

Source  Fxstreet1777593664

Japan Foreign Investment in Japan Stocks dipped from previous ¥2380.9B to ¥807.9B in April 24

Source  Fxstreet1777593002
Japan’s Tokyo CPI inflation rises to 1.5% YoY in April

The headline Tokyo Consumer Price Index (CPI) for February rose 1.5% YoY as compared to 1.4% in the previous month, the Statistics Bureau of Japan showed on Friday.

Source  Fxstreet1777591854

Japan Tokyo Consumer Price Index (YoY) rose from previous 1.4% to 1.5% in April

Source  Fxstreet1777591803

Japan Tokyo CPI ex Fresh Food (YoY) came in at 1.5%, below expectations (1.8%) in April

Source  Fxstreet1777591803

Japan Tokyo CPI ex Food, Energy (YoY) dipped from previous 1.7% to 1.5% in April

Source  Fxstreet1777591802

New Zealand ANZ – Roy Morgan Consumer Confidence dipped from previous 91.3 to 80.3 in April

Source  Fxstreet1777588731
Taiwan: Growth strength and CBC stance – UOB

UOB’s Ho Woei Chen highlights Taiwan’s strong 1Q26 Gross Domestic Product (GDP) performance, driven by exports and improving domestic demand, and expects full-year 2026 growth to exceed 9%.

Source  Fxstreet1777585020

Mexico Fiscal Balance, pesos fell from previous -50.733B to -110.1B in March

Source  Fxstreet1777583155
Rising inflation and slowing growth put ECB and BoE in a bind

The European Central Bank (ECB) and the Bank of England (BoE) may operate in different economies, but this week’s meetings delivered a strikingly similar message: inflation risks are creeping back just as growth is losing momentum, giving some belief to the idea that a stagflationary scenario could

Source  Fxstreet1777582350
Thailand: BoT pause extended as stagflation risks build – DBS

DBS Group Research economist Chua Han Teng expects the Bank of Thailand (BoT) to keep its policy rate at 1.00% through end-2026 as stagflationary pressures from Iran-related supply shocks hit growth and inflation.

Source  Fxstreet1777582320
China: Manufacturing outlook bright, demand softens – UOB

UOB economist Ho Woei Chen assesses China’s latest PMIs, noting a positive outlook for manufacturing supported by strong AI-related export demand and robust industrial profits, while domestic demand and services weaken.

Source  Fxstreet1777579860
Romania: Reform risks rise – Standard Chartered

Standard Chartered Bank analysts Pietro Righi and Christopher Graham warn that renewed political turmoil in Romania could undermine fiscal consolidation and delay key reforms.

Source  Fxstreet1777577820
Asian FX: Oil shock and Fed stance pressure – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong highlight that most Asian FX traded softer as Brent’s rise toward USD120/bbl, inflation risks and hawkish Fed repricing weighed on sentiment.

Source  Fxstreet1777575744
India: Growth resilient but risks building – Commerzbank

Commerzbank analysts describe India’s growth backdrop as solid, with GDP expected around 6.5% in fiscal 2026–2027, supported by domestic demand, GST 2.0 reforms, and investment-friendly budgets.

Source  Fxstreet1777574137
UK: Local vote risks and Gilt focus – Standard Chartered

Standard Chartered strategists discuss how United Kingdom (UK) local elections on 7 May could intensify political pressure on Prime Minister Starmer and potentially trigger a Labour leadership challenge.

Source  Fxstreet1777571548
BoE recap: An “active hold” as inflation risks re-emerge

The Bank of England (BoE) kept rates unchanged at 3.75%, but unlike a passive pause, this was framed as a deliberate and active policy choice.

Source  Fxstreet1777565233

United States 4-Week Bill Auction climbed from previous 3.595% to 3.6%

Source  Fxstreet1777563649
ECB sources see two rate hikes if Brent stays above $100 ─ RTRS

Sources speaking with Reuters revealed that the European Central Bank (ECB) policymakers are likely to hike rates “at least” twice this year, beginning in June if there’s no resolution to the Iran conflict.

Source  Fxstreet1777561645

Colombia National Jobless Rate down to 8.8% in March from previous 9.2%

Source  Fxstreet1777561638
ECB: Stagflation risks complicate policy path – ING

ING’s Global Head of Macro, Carsten Brzeski, notes that the European Central Bank (ECB) kept interest rates on hold as stagflationary pressures in the Eurozone rise. The bank highlights weaker Gross Domestic Product (GDP) growth, mixed inflation dynamics and tighter credit conditions.

Source  Fxstreet1777561329
Fed: Dots and easing path steady – ABN AMRO

ABN AMRO’s US Senior Economist Rogier Quaedvlieg reviews the latest Federal Open Market Committee (FOMC) decision, noting that the Federal Reserve (Fed) kept rates unchanged and maintained an easing bias in its statement.

Source  Fxstreet1777560838
ECB recap: between rising inflation risks and a slowing economy

As widely telegraphed, the European Central Bank (ECB) kept its policy rates unchanged, but the tone of the meeting reflected a far more complicated backdrop.

Source  Fxstreet1777560788
Canada: Growth masks structural headwinds – NBC

National Bank of Canada (NBC) economists Matthieu Arseneau and Alexandra Ducharme note that the Canadian economy expanded by 0.2% in February, with Q1 Gross Domestic Product (GDP) by industry tracking 1.7% annualized.

Source  Fxstreet1777560007

United States EIA Natural Gas Storage Change below forecasts (83B) in April 24: Actual (79B)

Source  Fxstreet1777559404
BoE: Cautious hike risks grow – Rabobank

Rabobank's Senior Macro Strategist Stefan Koopman reviews the latest Bank of England (BoE) decision to hold the Bank Rate at 3.75%, noting Governor Bailey’s description of an 'active hold' as he balances inflation persistence against risks to employment and activity.

Source  Fxstreet1777559036
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