News

Japan’s Katayama: Economy rebounding moderately, outlook calls for caution

Japan’s Finance Minister Satsuki Katayama said on Tuesday that the economy is rebounding moderately with sustained wage growth momentum, but the outlook calls for caution.

Source  Fxstreet1777337426

United Kingdom BRC Shop Price Index (YoY) came in at 1% below forecasts (1.5%) in April

Source  Fxstreet1777333950
Asian FX: Oil shock and AI cushion – Commerzbank

Commerzbank’s Charlie Lay, Dr. Henry Hao and Moses Lim argue that the war in Iran has delivered a stagflationary shock to Asia, pushing inflation forecasts higher while leaving growth risks skewed to the downside.

Source  Fxstreet1777333320

Japan Unemployment Rate came in at 2.7%, above expectations (2.6%) in March

Source  Fxstreet1777332605

Japan Jobs / Applicants Ratio meets expectations (1.18) in March

Source  Fxstreet1777332601
Singapore: Electronics strength offsets petrochemical drag – UOB

United Overseas Bank’s (UOB) Jester Koh highlights that Singapore’s industrial production rose strongly in March, lifting estimated 1Q26 GDP growth.

Source  Fxstreet1777331100
Bank of Japan expected to hold rates amid Iran war-driven inflation fears

The Bank of Japan (BoJ) will announce its monetary policy decision on Tuesday, at around 3:00 GMT. The BoJ is widely expected to deliver a hawkish hold, keeping the benchmark interest rate unchanged at 0.75% while also hinting at a willingness to hike rates.

Source  Fxstreet1777330800
CNY: Supported by exports and geopolitics – Commerzbank

Commerzbank’s FX team highlights that CNY is the only Asian currency stronger against the Dollar since late February, helped by robust exports and policy support.

Source  Fxstreet1777327920
USD/PHP: Political rift hits BSP – BNY

BNY's Bob Savage reports that the central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona faces a legal complaint tied to disclosures in an impeachment probe involving the vice president.

Source  Fxstreet1777325460

South Korea BOK Manufacturing BSI increased to 72 in May from previous 71

Source  Fxstreet1777323591
US: Growth normalizes as Iran shock fades – TD Securities

TD Securities strategists Oscar Munoz and Eli Nir project output growth gradually slowing to potential by late 2026 as Iran-related stagflationary risks keep the Federal Reserve (Fed) cautious.

Source  Fxstreet1777323060
India: IGB view stays neutral – Standard Chartered

Standard Chartered Bank economists Anubhuti Sahay, Saurav Anand and Nagaraj Kulkarni assess Indian states’ finances, projecting the aggregate FY27 fiscal deficit at 2.9% of GDP, similar to FY26.

Source  Fxstreet1777320420
Germany: Reform push shapes macro outlook – Deutsche Bank

Deutsche Bank economists Marion Muehlberger and Ursula Walther argue that Germany’s new reform drive under Finance Minister Klingbeil could gradually improve growth prospects and sentiment.

Source  Fxstreet1777318440
CEE FX: Stable ranges as data cluster looms – ING

ING strategist Frantisek Taborsky expects Central and Eastern European (CEE) FX to stay broadly stable this week despite volatile rates and global headlines.

Source  Fxstreet1777316280
Fed: Policy on hold as Iran shock lingers – TD Securities

TD Securities strategists Oscar Munoz and Eli Nir expect the Federal Reserve (Fed) to keep the Fed funds rate at 3.50–3.75% at the April Federal Open Market Committee (FOMC), with Chair Powell maintaining a neutral stance on future policy.

Source  Fxstreet1777314180
BoJ: Cautious stance and inflation guidance in focus – Rabobank

Rabobank’s Senior FX Strategist Jane Foley notes that earlier market surveys showed a strong chance of a Bank of Japan (BoJ) rate hike this week, but Governor Ueda’s lack of clear hints at IMF/World Bank meetings shifted expectations to June.

Source  Fxstreet1777312300

United States 2-Year Note Auction declined to 3.812% from previous 3.936%

Source  Fxstreet1777310832

United States 5-Year Note Auction declined to 3.955% from previous 3.98%

Source  Fxstreet1777309642
Iran's Araghchi: US requesting negotiations because they have not achieved any objectives

In a post on published on his Telegram account, Iran's Foreign Minister Abbas Araghchi said that United States (US) President Donald Trump is requesting negotiations because the US has not achieved any of its objectives.

Source  Fxstreet1777302922
BoC: Policy hold view after turnover – Rabobank

Rabobank strategists Molly Schwartz and Christian Lawrence expect the Bank of Canada (BoC) to keep its overnight policy rate at 2.25% through year-end, with no change anticipated at the April 29 meeting.

Source  Fxstreet1777302235
ECB: June hike risk grows on energy shock – Standard Chartered

Standard Chartered strategists Christopher Graham and John Davies expect the European Central Bank (ECB) to keep the deposit rate at 2.00% on 30 April, citing a wait‑for‑data stance as the Middle East conflict evolves.

Source  Fxstreet1777301082

United States Dallas Fed Manufacturing Business Index down to -2.3 in April from previous -0.2

Source  Fxstreet1777300219
Fed: One more cut still expected – Rabobank

Rabobank strategists reiterate its view that the Federal Reserve (Fed) is likely to cut rates again this year, even as United States (US) Treasury yields edge higher on persistent inflation concerns.

Source  Fxstreet1777297525
Fed FOMC Meeting Is Approaching: Where Is the Focus? Will There Be More Rate Cuts This Year?

TradingKey - Global financial markets are set for a "Super Central Bank Week" this week, as five major central banks, including the Federal Reserve, the European Central Bank, and the Bank of Japan, a

Source  Tradingkey1777296551
Keir Starmer to face UK parliament vote over claims he misled lawmakers – The Times

According to The Times, the United Kingdom (UK) House of Commons will vote on Tuesday on whether to launch an investigation through the Committee of Privileges to determine if Prime Minister Keir Starmer misled lawmakers over the appointment of former US ambassador Peter Mandelson.

Source  Fxstreet1777296460
ECB: Cautious stance with June risk – Commerzbank

Commerzbank’s Rainer Guntermann argues that the ECB is likely to maintain a balanced hold this week, with April HICP data expected to show energy-driven headline inflation and a temporary dip in core.

Source  Fxstreet1777296380

Mexico Trade Balance s/a, $ up to $2.499B in March from previous $-1.09B

Source  Fxstreet1777291310

Mexico Trade Balance, $: $5.932B (March) vs $-0.463B

Source  Fxstreet1777291206
Fed: Gradual easing path under Warsh – UOB

UOB strategists Suan Teck Kin and Alvin Liew assess how a potential Kevin Warsh Fed chairmanship could shape United States (US) monetary policy and the Fed funds rate.

Source  Fxstreet1777283106
DXY: Rebound stalls below 100 – DBS

Philip Wee of DBS Group Research observes that the US Dollar (USD), as measured by the US Dollar Index (DXY), has lost upside momentum after an earlier rebound. The index has stalled around 99 following a decline from 100.6 to just under 98 earlier in April.

Source  Fxstreet1777282245
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