Euro weakens amid broad dollar strength despite firmer Eurozone inflation; hawkish ECB limits downside; EUR/USD seen rising toward 1.19.
Nikkei signals BoJ 25bp hike; may pause JGB tapering in 2027, easing yen volatility, USD/JPY.
China’s export-led surplus supports yuan, but capital controls and PBoC fixings cap appreciation; sell volatility.
Redbook sales growth rose to 9.1%, signaling strong spending, higher-for-longer rates, volatility hedges, and sector divergence.
USD/IDR retreated from 18,190 as Bank Indonesia’s surprise rate hikes and intervention capped gains, lowering volatility.
Canada avoids recession despite GDP dips; per-capita gains and jobs growth signal recovery, boosting loonie, equities.
April’s US goods trade deficit widened to $83.7bn, signaling slower growth, weaker dollar, higher volatility.
Canada’s April imports rose to $72.44bn, signalling resilient demand, hawkish BoC, loonie support, equities capped.
April US trade deficit was $55.9bn, slightly better than expected, supporting bullish dollar and cautious equity hedging.
BNP Paribas sees Europe re-rated safe haven; euro gains safe-asset status as bund yield boosts financing.
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