Live Updates

    1 May 2026
    Iran, via Pakistani mediators, reportedly delivered Washington a fresh peace plan and amendments response, citing sources

    Iran proposed ending war, responding to US amendments via Pakistan; dollar fell, futures mixed after headline.

    1 May 2026
    Kashkari dissented over Hormuz-related uncertainty, urging the Fed’s statement to flag potential successive rate hikes

    Kashkari dissented, urging Fed highlight Hormuz risks: price shocks could raise expectations, forcing hikes or holding rates.

    1 May 2026
    Huw Pill urged quicker action on fresh inflation pressures, viewing tighter financial conditions as appropriate response

    BoE economist Huw Pill backs tighter conditions, urges rate flexibility, warns disinflation may stall amid Iran-war inflation risks.

    1 May 2026
    US ISM’s April Manufacturing PMI releases at 14:00 GMT, potentially influencing EUR/USD volatility and direction

    April US ISM Manufacturing PMI expected 53.0; markets watch prices, jobs, Fed rate outlook and EUR/USD levels.

    1 May 2026
    GBP gains against JPY, trading just above 213.00 after recovering from earlier 211.78 lows on intervention suspicions

    GBP/JPY rebounded above 213.00 after sharp suspected Japan intervention-driven drop; BoE held rates amid yen volatility.

    1 May 2026
    Following earlier European advances, the yen retreats versus the dollar; USD/JPY rebounds near 156.55, slightly lower

    Yen erased early gains as USD/JPY rebounded amid intervention speculation; focus shifts to US ISM data.

    1 May 2026
    India’s bank loan growth held steady at 15% during April, showing no change from earlier levels

    India’s bank loan growth held steady at 15% year-on-year in April 2020, matching the previous reading.

    1 May 2026
    India’s foreign exchange reserves declined to $698.49B from $703.31B, reported for April 20

    India’s foreign exchange reserves fell to $698.49 billion on April 20, from $703.31 billion previously.

    1 May 2026
    Makhlouf says he will monitor indirect impacts of rising energy costs across production, transport and services

    ECB’s Makhlouf to watch energy-driven cost-push inflation, wage second-round effects, and expectations as euro barely reacts.

    1 May 2026
    With the dollar weakening, the euro trades near weekly peaks around 1.1755, hovering at 1.1742

    EUR/USD climbed to 1.1742 as dollar slid amid intervention fears; Euro inflation, ECB signals, and oil remained key.

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