Inflation path stays contained – ING

Inflation path stays contained – ING

ING’s Peter Virovacz notes that Hungary’s inflation accelerated in April but remained a positive surprise versus expectations, with headline Consumer Price Index (CPI) at 2.1% year-on-year and 0.4% month-on-month. Core inflation and other underlying measures still look favourable, suggesting second‑round effects are limited. ING’s base case sees inflation rising toward 4.0–4.5% by year-end, averaging around […]

US Dollar weakens ahead of key US CPI data and Fed speeches

US Dollar weakens ahead of key US CPI data and Fed speeches

The US Dollar Index (DXY) fell toward the 97.90 region on Friday, pressured by improving risk sentiment and easing safe-haven demand after reports suggested the United States (US) and Iran are still attempting to preserve a fragile ceasefire framework despite renewed military incidents in the Middle East. Market sentiment improved after US President Donald Trump […]

Bauxite export cap threatens supply – Commerzbank

Bauxite export cap threatens supply – Commerzbank

Commerzbank’s Thu Lan Nguyen argues that any relief from a potential reopening of the Strait of Hormuz for Aluminium will likely be short‑lived. Guinea, which supplies 40% of global bauxite, plans to cap exports at 150 million tons, nearly 20% below last year, a move expected to support bauxite prices and, over time, Aluminium prices. […]