US President Donald Trump says trade will be priority in summit with Xi, not Iran
US President Donald Trump said that he would prioritize trade discussions during his summit with Chinese President Xi Jinping and downplayed the amount of attention they would devote to the Iran war, Bloomberg reported on Tuesday. Key quotes We’re going to be talking to President Xi about a lot of things. I would say, more […]
Range holds as Malaysia outperforms – Commerzbank
Commerzbank strategists note that USD/MYR has remained in a 3.90–4.05 range since the Middle East conflict began. Malaysia’s March industrial production grew 3.1% year-on-year, supported by strong manufacturing and electronics despite weaker mining. They highlight that MYR is the best-performing Asian currency this year, helped by Malaysia’s net energy exporter status. Stable range with MYR […]
Gold price sinks as hot CPI, Oil surge crush Fed cut bets
Gold (XAU/USD) price falls more than 1% on Tuesday as US inflation came in hotter than expected, prompting investors to price out Federal Reserve (Fed) rate cuts in 2026. The XAU/USD pair trades at $4,678 after reaching a daily high of $4,773. XAU/USD slides as hot CPI lifts Dollar, yields and Fed hike bets The […]
Australian Dollar drops as hot US CPI strengthens Fed higher-for-longer outlook
The AUD/USD pair fell toward the 0.7220 region on Tuesday after hotter-than-expected United States (US) inflation data boosted the US Dollar (USD) and reinforced expectations that the Federal Reserve (Fed) may keep interest rates elevated for longer. The latest US Consumer Price Index (CPI) report showed headline inflation accelerated to 3.8% YoY in April, surpassing […]
United States Consumer Price Index soars in April, US Dollar surges
The United States (US) reported that annualized inflation, as measured by the Consumer Price Index (CPI) rose by 3.8% in the twelve months to April, higher than the 3.3% posted in March and above expectations of 3.7%. Core annual CPI, which excludes volatile food and energy prices, came in at 2.8% following a 2.6% print […]
US Consumer Price Index set for another leap as markets price out Fed rate cuts this year
The US Bureau of Labor Statistics (BLS) will publish the April Consumer Price Index (CPI) data on Tuesday. The report is expected to show another significant leap in consumer inflation after March’s sharp increase, driven by the elevated Oil prices due to the ongoing conflict between the United States (US) and Iran. The monthly CPI […]
When is the German ZEW Survey and how could it affect the Euro?
German ZEW Survey Overview The Zentrum für Europäische Wirtschaftsforschung (ZEW) will release its German Economic Sentiment Index and the Current Situation Index for May at 09:00 GMT later on Tuesday. ZEW Survey – Economic Sentiment Index for Germany is expected to fall to -19.8 in May, from 17.2 in April. Meanwhile, the Current Situation Sub-Index […]
Euro gains against the Japanese Yen following Japan’s Household Spending data
EUR/JPY extends its gains for the fourth successive day, trading around 185.40 during the Asian hours on Tuesday. The currency cross appreciates as the Japanese Yen (JPY) struggles following the disappointing release of Japan’s Household Spending data. Japan’s economic outlook faced renewed pressure on Tuesday after the internal affairs ministry reported a significant 2.9% year-over-year […]
Euro softens below 1.1800 on US-Iran ceasefire risks, traders await US CPI data
The EUR/USD pair loses ground to near 1.1775 during the early Asian session on Tuesday. The Euro (EUR) softens against the US Dollar (USD) as traders turn cautious ahead of the US April inflation report and ongoing geopolitical tensions in the Middle East. Reuters reported on Monday that Iranian Parliament speaker Mohammad Bagher Ghalibaf warned […]
Strengthens into US–China summit – Societe Generale
Societe Generale analysts observe USD/CNY trading below 6.80, with the Chinese Yuan at its strongest level since February 2023 ahead of the US/China summit. They attribute Yuan outperformance to safe-haven demand and solid trade data, while expecting only incremental outcomes from Trump’s visit, focused on trade discipline and limited confidence-building steps. Safe-haven flows and trade […]
