Fed: Credibility tested as inflation rises – Commerzbank.Fed: Credibility tested as inflation rises – Commerzbank

investingLive European markets wrap: A calmer mood even as US-Iran tensions simmer.There's no fresh progress as the focus and attention now shifts towards the east, with US president Trump making his trip to China. The latest from the Chinese state media is that Trump has arrived in Beijing.

Crude oil outlook: WTI eyes more gains as US-Iran stalemate continues.After a weaker start, crude oil prices bounced back during Monday's London session, with Brent turning positive by mid-day. Oil prices climbed roughly 3% yesterday as markets further unwound earlier optimism surrounding a swift resolution to tensions in the Strait of Hormuz.

LNG: Oil shock boosts fuel-switch economics – ING.LNG: Oil shock boosts fuel-switch economics – ING

USDJPY Rallies for the Third Day on Geopolitical Uncertainty, Higher US Inflation.USDJPY advances for the third straight day, as stalling peace talks in the Middle East fuel uncertainty and boost dollar's safe-haven appeal, while fresh rise of inflation in the US adds to Fed's hawkish stance that underpins the greenback.

Canadian Dollar: BoC minutes watched for policy clues – TD Securities.Canadian Dollar: BoC minutes watched for policy clues – TD Securities

Clouds Over the Pound.The US dollar reacted calmly to the April US inflation data. Consumer prices surged to a three-year high of 3.8% y/y, raising the chances of the Fed tightening monetary policy this year to 33%, from 16% a week earlier.

ECB's Rehn: Monetary policy should not be based on oil prices alone.ECB's Rehn: Monetary policy should not be based on oil prices alone

United States MBA Mortgage Applications up to 1.7% in May 8 from previous -4.4%.United States MBA Mortgage Applications up to 1.7% in May 8 from previous -4.4%

Euro reversal against British Pound nears 0.8650 after soft Eurozone data.Euro reversal against British Pound nears 0.8650 after soft Eurozone data

Indian rupee hits record low as outflows, oil strain worsen rout.The energy shock from the prolonged U.S.-Iran war ‌that has effectively ⁠shut ⁠the Strait of Hormuz has hurt India's macroeconomic outlook and strained its current account balance. Economists have ​lowered their growth forecasts, raised inflation projections and warned of sustained pressure on the rupee.

Sweden cuts fuel tax as part of $1.9 billion energy relief.Sweden will temporarily reduce fuel taxes and introduce other measure to shield households and businesses from ​soaring energy costs amid the war in the Middle East, ‌the government said on Wednesday.

Oil Surge Shakes Markets and Inflation Nerves.Oil prices are driving market volatility as inflation concerns resurface and geopolitical tensions escalate. Fawad Razaqzada, FOREX.com Market Analyst, explains how the Strait of Hormuz disruption and stalled U.S.-Iran negotiations are pushing crude above $100, weighing on equities, and pressuring global currencies.

Euro extends losses below 1.1700 as Eurozone data disappoints .Euro extends losses below 1.1700 as Eurozone data disappoints 

Sterling edges lower as Starmer pressure keeps markets cautious.Sterling fell on Wednesday and was on track for its first weekly decline in six weeks, with market participants assessing political developments in Britain as ​Prime Minister Keir Starmer resisted calls to resign.

Ex-BOJ chief Kuroda says yen unlikely to fall below 160 per dollar.Former Bank of Japan ​Governor Haruhiko Kuroda said on Wednesday it ‌was unlikely the yen would weaken beyond 160 per dollar as authorities appeared to be defending that level with currency intervention.

US Dollar: Hot CPI keeps Fed cautious – Danske Bank.US Dollar: Hot CPI keeps Fed cautious – Danske Bank

Germany 30-y Bond Auction: 3.62% vs 3.57%.Germany 30-y Bond Auction: 3.62% vs 3.57%

Natural Gas and Oil Forecast: WTI Above $101, Brent Holds $106.84 — Can NatGas Push Through $2.85?.Oil and Natural Gas settle into technical ranges as the Middle East truce holds. WTI bounces strongly inside its blue channel, Brent finds solid support, and NatGas builds short-term base near $2.85.

India: Gradual CPI rise expected – Commerzbank.India: Gradual CPI rise expected – Commerzbank

Eurozone Industrial Production Misses Forecast as Energy Output Falls.Eurozone industrial production rose 0.2% mom in March, slightly below expectations of 0.3% mom. Across the broader European Union, industrial production increased a stronger 0.8% mom, helped by robust gains in several Eastern European economies.

Eurozone GDP Expands Just 0.1% in Q1, Annual Growth Slows to 0.8%.Eurozone economic growth slowed further in the first quarter of 2026 as higher energy costs, weak industrial activity, and lingering geopolitical uncertainty continued weighing on momentum.

Indian rupee under pressure as oil rally sparks fresh lows.The Indian rupee weakened to a fresh all-time low on Wednesday, extending its losing streak as overseas debt repayments and importer hedging demand continued to pressure the local currency despite limited support from higher import duties on precious metals. The rupee weakened 0.1% to 95.7450 per dollar, slipping past its previous record low of 95.7375 reached on Tuesday.

USD/JPY Continues to Climb Amid External and Domestic Pressures.USD/JPY rose to 157.65 on Wednesday, marking a third consecutive day of gains. The yen came under pressure following stronger-than-expected US inflation data, reinforcing expectations that the Federal Reserve will maintain its hawkish stance.

Oil: Rising prices with Middle East risk – Rabobank.Oil: Rising prices with Middle East risk – Rabobank

Japanese Yen : Recovery against US Dollar faces resistance near 158.30 – UOB.Japanese Yen : Recovery against US Dollar faces resistance near 158.30 – UOB

First Light News – Stubborn and Sticky Inflation: The Fed's Hands Are Tied.We are looking at a reasonably stubborn inflation picture; therefore, the immediate modest uptick in Fed fund futures pricing will not raise too many eyebrows.

Swiss Franc holds below 0.7800 amid higher US yields, risk-off markets.Swiss Franc holds below 0.7800 amid higher US yields, risk-off markets

Rupee slips to record low as outflows, oil risks weigh on outlook.The Indian rupee weakened to an all-time low on Wednesday, extending its losing streak, as ​overseas debt repayments and importer hedging demand outweighed the limited support from ‌higher duties on precious metal imports.

US Dollar holds steady as markets await Trump-Xi summit updates. The US Dollar continued to strengthen early Wednesday after outperforming major peers in the previous session, as investors reacted to stronger-than-expected US inflation data and rising Treasury yields. Market participants are now focusing on upcoming economic data releases and developments from the summit between US President Donald Trump and Chinese President Xi Jinping.