News

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

Source  Fxstreet1778763648
British Pound: Volatility focus shifts to politics – DBS

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.

Source  Fxstreet1778762447
US: Initial Jobless Claims rose to 211K last week

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.

Source  Fxstreet1778762227
US Retail Sales rise 0.5% in April as expected

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.

Source  Fxstreet1778762135

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

Source  Fxstreet1778761878

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

Source  Fxstreet1778761866

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

Source  Fxstreet1778761835

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

Source  Fxstreet1778761826

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

Source  Fxstreet1778761813

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

Source  Fxstreet1778761811

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

Source  Fxstreet1778761808

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

Source  Fxstreet1778761804

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

Source  Fxstreet1778761803

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

Source  Fxstreet1778761802

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

Source  Fxstreet1778761247
British Pound: Political risks and Gilt reprieve – Societe Generale

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.

Source  Fxstreet1778758248
US Treasury Secretary Bessent: Trump told Xi that he wants to open up China

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.

Source  Fxstreet1778755719
US President Trump: Had extremely positive and constructive discussions with Xi

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”.

Source  Fxstreet1778754839

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

Source  Fxstreet1778752803

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

Source  Fxstreet1778752803

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

Source  Fxstreet1778752802

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

Source  Fxstreet1778752802
Canadian Dollar: BoC tone tilts mildly hawkish – TD Securities

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

Source  Fxstreet1778752300
Kazaks: ECB will continue to decide meeting by meeting, based on incoming data

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.

Source  Fxstreet1778752152

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

Source  Fxstreet1778750297

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

Source  Fxstreet1778750292
British Pound: External flows and fiscal risks – BNY

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.

Source  Fxstreet1778748939
Trump-Xi meeting was good and both agree for Hormuz remaining open - Reuters

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.

Source  Fxstreet1778748225
New Zealand Dollar consolidates with a bearish tilt as domestic economic risks increase

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

Source  Fxstreet1778747816
Euro: Strategic autonomy and yuan challenge – Rabobank

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.

Source  Fxstreet1778744890
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