News

Austria HICP (MoM) came in at 0.5%, above forecasts (0.4%) in April

Source  Fxstreet1779260561

Austria HICP (YoY) came in at 3.4%, above expectations (3.3%) in April

Source  Fxstreet1779260559
Japan's Takaichi: It's possible extra budget is aimed mainly at responding to Middle East situation

Japanese Prime Minister Sanae Takaichi said on Wednesday that the government is not at the stage to comment on the scale of the extra budget, adding that it's possible the extra budget is aimed mainly at responding to the Middle East situation. 

Source  Fxstreet1779259901
Euro trims losses against British Pound after softer UK inflation data

The EUR/GBP cross pares losses near 0.8660 during the early European trading hours on Wednesday. The British Pound (GBP) edges slightly lower against the Euro (EUR) following the release of the UK inflation report.

Source  Fxstreet1779259511
Equities: Higher yields drive risk‑off rotation – Danske Bank

Danske Research Team reports that equities sold off again as rising global bond yields and debt and inflation concerns overshadow an otherwise constructive macro and earnings backdrop.

Source  Fxstreet1779259099

United Kingdom Consumer Price Index (YoY) came in at 2.8%, below expectations (3%) in April

Source  Fxstreet1779256853

United Kingdom Producer Price Index - Input (MoM) n.s.a registered at 2.4% above expectations (1%) in April

Source  Fxstreet1779256816

United Kingdom PPI Core Output (MoM) n.s.a up to 0.7% in April from previous 0.2%

Source  Fxstreet1779256816

United Kingdom PPI Core Output (YoY) n.s.a up to 2.4% in April from previous 2%

Source  Fxstreet1779256816

United Kingdom Producer Price Index - Output (YoY) n.s.a registered at 4% above expectations (2.8%) in April

Source  Fxstreet1779256815

United Kingdom Producer Price Index - Output (MoM) n.s.a above expectations (1%) in April: Actual (1.4%)

Source  Fxstreet1779256815

United Kingdom Core Consumer Price Index (YoY) came in at 2.5% below forecasts (2.6%) in April

Source  Fxstreet1779256815

United Kingdom Producer Price Index - Input (YoY) n.s.a above forecasts (5.9%) in April: Actual (7.7%)

Source  Fxstreet1779256814

United Kingdom Consumer Price Index (MoM) below expectations (0.9%) in April: Actual (0.7%)

Source  Fxstreet1779256814
Asian stock markets tumble amid surging US bond yields, US-Iran renewed uncertainty

Stock markets in the Asian region extend their underperformance on Wednesday, facing intense pressure due to surging United States (US) Treasury Yields amid growing expectations that the Federal Reserve (Fed) will deliver at least one interest rate hike this year.

Source  Fxstreet1779256059

Netherlands, The Consumer Price Index n.s.a (YoY) in line with expectations (2.8%) in April

Source  Fxstreet1779251423
UK CPI data set to show a temporary inflation respite in April, providing leeway to BoE

The United Kingdom (UK) Office for National Statistics (ONS) will publish the high-impact Consumer Price Index (CPI) data for March at 06:00 GMT. 

Source  Fxstreet1779243300

China PBoC Interest Rate Decision meets expectations (3%)

Source  Fxstreet1779240321
PBOC leaves Loan Prime Rates unchanged in May

The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Wednesday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively. 

Source  Fxstreet1779239207
Fed's Paulson: Rate cuts require progress on inflation

Federal Reserve (Fed) Bank of Philadelphia President Anna Paulson said that she favored leaving interest rates unchanged and conditioned lower borrowing costs on making sustained progress on inflation, Bloomberg reported on Tuesday.

Source  Fxstreet1779232511
Asia FX: Indonesia, Philippines and India under pressure – BNY

BNY’s Bob Savage highlights growing stress across emerging Asian assets as higher U.S. yields, a stronger Dollar and Oil shock weigh on Indonesia, the Philippines and India. IDR has hit record lows amid downgrades and index removals, while EM bonds face rising inflation and funding costs.

Source  Fxstreet1779219660
China: Mixed April data signals challenges – HSBC

HSBC reviews China’s April 2026 data, noting soft Retail Sales and a sharp fall in Fixed Asset Investment alongside resilient services and solid Industrial Production. CPI remains stable while PPI accelerates on Oil and AI-related demand.

Source  Fxstreet1779216431
BoJ’s Governor Ueda: Aware that long-term interest rates are rising rapidly

Bank of Japan (BoJ) Governor Kazuo Ueda told reporters that they need to closely monitor signs of upward price pressure and that he will take appropriate monetary policy to achieve the BoJ inflation target, after a Group of Seven finance chiefs and central bankers' meeting in Paris on Tuesday.

Source  Fxstreet1779213093
Canada: Energy-driven CPI rise supports BoC hold – RBC

Royal Bank of Canada (RBC) economist Abbey Xu notes that Canadian inflation accelerated in April, mainly due to higher energy prices and fading base effects, while underlying pressures stayed contained.

Source  Fxstreet1779204690
US President Trump: 'We may have to give Iran another hit, but I’m not sure'

United States (US) President Donald Trump said on Tuesday that he might restart attacks on Iran, but that he hasn't made up his mind. He also claimed that Iran is begging to make a deal while speaking to reporters at the White House on Tuesday.

Source  Fxstreet1779204534
Germany: Industrial pivot supports recovery – BNP Paribas

BNP Paribas economists note Germany is moving away from its traditional reliance on automotive and chemicals towards defence, aerospace and electronic equipment.

Source  Fxstreet1779204019
5.197%: US 30-year Treasury yield hits highest level since July 2007

US 30-Year Treasury Yield and US 10-Year Treasury Yield continue to advance on Tuesday, with the 30-year yield trading at 5.195% and the 10-year yield at 4.683% at the time of writing.

Source  Fxstreet1779203151

New Zealand GDT Price Index: 0.6% vs previous 1.5%

Source  Fxstreet1779202641
British Pound: Political relief offsets rate expectations – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret note GBP/USD is slightly lower versus the US Dollar (USD) but outperforming most G10 peers.

Source  Fxstreet1779201486
Aluminium: Inventories signal weak demand – Commerzbank

Barbara Lambrecht and Volkmar Baur at Commerzbank highlight diverging trends in Chinese metals. Aluminium output hit a record daily rate in April, driven by strong margins and breaching the official annual cap, yet domestic inventories have doubled to a six‑year high as demand lags.

Source  Fxstreet1779200495
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