Russia Foreign Trade came in at $13.966B, above forecasts ($11.8B) in March

DBS Bank’s Philip Wee reviews recent FX volatility through the Pound, noting that GBP has been more resilient than EUR and CHF since Operation Epic Fury, helped by the UK’s lower exposure to the energy shock and higher policy rates.

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 211K for the week ending May 9.

Retail Sales in the United States (US) rose by 0.5% on a monthly basis in April to $757.1 billion, the US Census Bureau reported on Thursday. This reading followed the 1.6% increase (revised from 1.7%) recorded in March and came in line with the market expectation.

United States Import Price Index (YoY) climbed from previous 2.1% to 4.2% in April

United States Continuing Jobless Claims below expectations (1.79M) in May 1: Actual (1.782M)

United States Export Price Index (YoY) climbed from previous 5.6% to 8.8% in April

United States Retail Sales (YoY) up to 4.9% in April from previous 4%

United States Retail Sales Control Group: 0.5% (April) vs previous 0.7%

Canada Wholesale Sales (MoM) came in at 1.9%, above expectations (1.4%) in March

United States Retail Sales ex Autos (MoM) came in at 0.7%, above expectations (0.6%) in April

United States Export Price Index (MoM) above expectations (1.1%) in April: Actual (3.3%)

United States Import Price Index (MoM) registered at 1.9% above expectations (1%) in April

United States Retail Sales (MoM) in line with expectations (0.5%) in April

United Kingdom NIESR GDP Estimate (3M) increased to 0.8% in April from previous 0.6%

Societe Generale strategists note that the recent selloff in Gilts has eased after long-end yields spiked to multi-year highs on fears of looser fiscal rules under a more left-wing Labour leadership.

United States (US) Treasury Secretary Scott Bessent said during the European trading session on Thursday regarding the outcome of the meeting between President Donald Trump and Chinese leader Xi Jinping that both nations are trying to balance trade out.

United States (US) President Donald Trump said at a state banquet in Beijing that he had extremely positive and constructive discussions with Chinese leader Xi Jinping, while calling him a “friend”.

Ireland HICP (MoM) above forecasts (0.4%) in April: Actual (0.5%)

Ireland Consumer Price Index (YoY) increased to 3.7% in April from previous 3.6%

Ireland Consumer Price Index (MoM) dipped from previous 1.6% to 0.5% in April

Ireland HICP (YoY) in line with expectations (3.6%) in April

TD Securities strategists note the Bank of Canada’s (BoC) April Summary of Deliberations balanced US trade risks with inflation concerns.

The European Central Bank Governing Council member Martins Kazaks said in a presentation during an event on Thursday, the central bank will continue to decide meeting by meeting and on the basis of incoming data.

China New Loans registered at -10B, below expectations (300B) in April

China M2 Money Supply (YoY) came in at 8.6%, above expectations (8.5%) in April

Geoff Yu at BNY argues that the Pound’s (GBP) resilience cannot rely solely on higher rate expectations as United Kingdom (UK) political uncertainty and prospects of fiscal loosening weigh on gilts.

According to a White House official, the meeting between United States (US) President Donald Trump and Chinese leader Xi Jinping was “good” and they both discussed ways to enhance economic cooperation, Reuters reports.

NZD/USD moves sideways after three days of losses, trading around 0.5930 during the European hours on Thursday.

Rabobank's Global Strategist Michael Every notes Europe’s evolving role in global finance as Euroclear considers accepting China onshore bonds traded in Hong Kong as collateral.