News

US: Initial Jobless Claims rose to 200K 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 200K for the week ending May 2.

Source  Fxstreet1778157374

United States Unit Labor Costs down to 2.3% in 1Q from previous 4.4%

Source  Fxstreet1778157057

United States Continuing Jobless Claims below forecasts (1.8M) in April 24: Actual (1.766M)

Source  Fxstreet1778157037

United States Initial Jobless Claims 4-week average fell from previous 207.5K to 203.25K in May 1

Source  Fxstreet1778157002

United States Initial Jobless Claims registered at 200K, below expectations (205K) in May 1

Source  Fxstreet1778157001
EUR/PLN: Drifts lower as NBP on hold – Societe Generale

Societe Generale analysts note that the National Bank of Poland (NBP) kept its policy rate at 3.75% and markets expect no further changes through 2026. Governor Glapinski’s press conference is expected to be uneventful unless he sounds very hawkish.

Source  Fxstreet1778156260

Mexico Core Inflation meets forecasts (0.31%) in April

Source  Fxstreet1778155204

Mexico 12-Month Inflation registered at 4.45%, below expectations (4.5%) in April

Source  Fxstreet1778155204

Mexico Headline Inflation below forecasts (0.25%) in April: Actual (0.2%)

Source  Fxstreet1778155204
NOK: Norges Bank hikes as inflation stays sticky – Nomura

Nomura's research analysts report that the central bank of Norway, Norges Bank unexpectedly raised its policy rate by 25bp to 4.25% in May, citing frustration with sticky underlying inflation and a need to preserve credibility after earlier guidance.

Source  Fxstreet1778155070
Fed’s Collins: Expect rates to be on hold for longer

Boston Federal Reserve (Fed) Bank President Susan Collins said during the late European trading session on Thursday that she sees the central bank holding interest rates at their current levels for longer. Collins added that she expects interest rate cuts to be the baseline scenario going ahead.

Source  Fxstreet1778152490
CZK: CNB stance supports yields – Societe Generale

Societe Generale analysts highlight that the Czech National Bank (CNB) is expected to keep its policy rate at 3.50% despite a rise in headline inflation to 2.5% year-on-year in April. Governor Michl has emphasized maintaining positive real rates to support savings.

Source  Fxstreet1778152437
USD/INR: Volatility curbed as RBI eyes dollar inflows – DBS

DBS Group Research economist Radhika Rao notes that the Reserve Bank of India (RBI) is exploring measures to attract more US Dollar (USD) flows to support the Rupee and address the balance of payments gap.

Source  Fxstreet1778149022
EUR/SEK: Rebound tests key moving average – Societe Generale

Societe Generale analysts note that the central bank of Sweden, Riksbank left rates on hold this morning at 1.75% and EUR/SEK has been rebounding from an interim low and is now challenging its 200-day moving average, which has capped the pair since last year.

Source  Fxstreet1778146707

United States Challenger Job Cuts up to 83.687K in April from previous 60.62K

Source  Fxstreet1778146254
Asian FX: Relief rally and differentiation theme – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong characterize recent moves in Asian FX as a relief rally driven by lower Oil and hopes of a US–Iran deal. They stress that any agreement and normalization of flows through the Strait of Hormuz remain uncertain.

Source  Fxstreet1778145967

Spain 10-y Obligaciones Auction down to 3.392% from previous 3.435%

Source  Fxstreet1778144867

Spain 3-y Bond Auction fell from previous 2.734% to 2.675%

Source  Fxstreet1778144855

Singapore Foreign Reserves (MoM) climbed from previous 419.2B to 427.3B in April

Source  Fxstreet1778144496
Forex Today: US Dollar retreats on US-Iran pecase hopes

Here is what you need to know on Thursday, May 7:

Source  Fxstreet1778144463

France 10-y Bond Auction fell from previous 3.73% to 3.61%

Source  Fxstreet1778144442
ECB’s Villeroy: Next move should be guided by the data, not the date

European Central Bank (ECB) policymaker and Bank of France Governor Francois Villeroy de Galhau said in the European trading session on Thursday that the central bank should focus on the data and not the timing of any monetary policy adjustment

Source  Fxstreet1778143413

United Kingdom S&P Global Construction PMI registered at 39.7, below expectations (45.7) in April

Source  Fxstreet1778142601
Euro area: Energy shock rekindles price pressures – Societe Generale

Societe Generale economists Sam Cartwright, Michel Martinez and Jorge Garayo analyse Euro Area inflation following the latest energy shock. They note headline inflation has already risen to 3% and expect indirect and second‑round effects to push it toward 3.5% in early 2027.

Source  Fxstreet1778142285
April ADP Private Payrolls Surprisingly Strong as Job Growth Hits 15-Month High. Will the Fed Stay on Hold Until 2027?

TradingKey - Fresh ADP data released this Wednesday (May 6) showed that the U.S. private sector added 109,000 jobs in April, marking the largest increase in 15 months. This figure not only exceeded th

Source  Tradingkey1778141238
EUR/CZK: Sideways despite hawkish CNB risk – Commerzbank

Commerzbank’s Tatha Ghose expects the Czech National Bank (CNB) to keep rates at 3.50% but sees upside inflation risks from higher energy prices and a growing chance of at least one 25 bp hike later in 2026.

Source  Fxstreet1778141186

China Foreign Exchange Reserves (MoM): $3.411T (April) vs $3.342T

Source  Fxstreet1778140868
CEE FX: Fiscal divergence and carry risk – BNY

BNY’s Geoff Yu highlights growing fiscal stress in Central and Eastern Europe (CEE) as a key driver for regional FX and carry trades. Romania faces acute fiscal and external imbalances, while Poland and Hungary show better current account and Foreign Direct Investment (FDI) dynamics.

Source  Fxstreet1778140473
Iran: Intense communications to gradually reopen Hormuz - Al-Hadath

According to a post from Al-Hadath, a sister channel to Al Arabiya, on X, sources have stated that intense communications are ongoing to gradually reopen the Strait of Hormuz, a vital passage to almost 20% of the global energy supply.

Source  Fxstreet1778139326
EUR/JPY steadies near 183.50 as strong German data meets firm Japanese Yen

EUR/JPY remains flat after experiencing volatility, hovering around 183.70 during the early European hours on Thursday. The currency cross remains subdued as the Euro (EUR) failed to gain support from the strong German data.

Source  Fxstreet1778139284
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