Hot US inflation print fans fears of Fed rate hike as energy costs spread.US consumer prices rose 3.8% in April, above forecasts, with energy accounting for 40% of the increase, prompting analysts to warn of rising rate hike risks and pushing December hike odds to nearly 30%.

US: AI impact to labor market stays limited – TD Securities.US: AI impact to labor market stays limited – TD Securities

USD/JPY Price Forecast: Bulls move in as pair bounces toward 158.00.USD/JPY Price Forecast: Bulls move in as pair bounces toward 158.00

New Zealand Dollar eased after hot US CPI with RBNZ inflation survey next on the slate.New Zealand Dollar eased after hot US CPI with RBNZ inflation survey next on the slate

Australian Dollar pared post-CPI losses as Chalmers budget answered the oil shock.Australian Dollar pared post-CPI losses as Chalmers budget answered the oil shock

Japanese Yen Outlook: USD/JPY Eyes 158 Pivot, AUD/JPY and GBP/JPY in Focus.The US dollar strengthened after hotter-than-expected US inflation data lifted Treasury yields and revived concerns that inflationary pressures may remain sticky. That pushed USD/JPY back towards the key 158 level tied to recent suspected intervention from Japan's Ministry of Finance (MOF), while AUD/JPY and GBP/JPY also approached important resistance zones amid renewed yen weakness.

Malaysian Ringgit: Range holds as Malaysia outperforms – Commerzbank.Malaysian Ringgit: Range holds as Malaysia outperforms – Commerzbank

Crude Oil Price Forecast: Triangle Phase Builds Pressure.Crude oil consolidates within a symmetrical triangle as bullish structure holds, with support strength and resistance tests signaling an approaching breakout-driven directional move.

Trading Day: Inflation up, chips down.The S&P 500 and Nasdaq fell on Tuesday, dragged down by a sharp decline in semiconductors, while sentiment was also rattled by rebounding oil prices and stronger-than-expected U.S. inflation which both lifted bond yields.

Natural Gas Price Forecast: 50-Day Resistance Defines Key Pivot.Natural gas tests a critical technical pivot at the 50-day moving average, with early bullish structure forming but confirmation still dependent on sustained breakout strength.

investingLive Americas FX news wrap 12 May:Hot CPI reignites inflation fears.The April CPI report came in hot and pushed inflation concerns back to the forefront during the North American session. Headline CPI rose +0.6% m/m as expected, while the annual rate held at +3.3% y/y.

Fed: Neutral stance as inflation stabilizes – TD Securities.Fed: Neutral stance as inflation stabilizes – TD Securities

Malaysian Ringgit: Appreciation trend against US Dollar intact – MUFG.Malaysian Ringgit: Appreciation trend against US Dollar intact – MUFG

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains 4% As Traders See No Progress In U.S. – Iran Talks.Oil markets rally as traders bet that the Strait of Hormuz would not be reopened anytime soon.

ECB's Nagel: We still have quite a bit of inflation ahead of us.ECB's Nagel: We still have quite a bit of inflation ahead of us

India : Narrow demand response weighs on GST – Societe Generale.India : Narrow demand response weighs on GST – Societe Generale

US Dollar Index jumps after hot US CPI data reinforces hawkish Fed outlook.US Dollar Index jumps after hot US CPI data reinforces hawkish Fed outlook

The federal budget surplus for April $215 billion which is less than the $220 billion est..April surplus came in at $215 billion — a miss versus the $220 billion expected, and down about 16.7% from the $258 billion surplus in April 2025. Still a solid surplus, but a meaningful step back from last year's strong tax season performance.

United States Monthly Budget Statement below forecasts ($220B) in April: Actual ($215B).United States Monthly Budget Statement below forecasts ($220B) in April: Actual ($215B)

Trump News: Does not need Xi help on Iran.Pres. Trump speaking to reporters before heading off to China, is saying: Will have long talk with he about the Iran war. Don't think you need Xi's help on Iran The blockade has been 100% successful You are going to have s gusher of oil If you look back 3-4 months ago, you would think oil would be much higher Iran will not have a nuclear weapon.

Oil: Iran tensions and China demand shifts – Commerzbank.Oil: Iran tensions and China demand shifts – Commerzbank

WTI Price Forecast: Oil prices remain underpinned by Hormuz tensions and tighter supply outlook.WTI Price Forecast: Oil prices remain underpinned by Hormuz tensions and tighter supply outlook

US Appeals court temporarily pauses trade court ruling against Trumps 10% tariffs.After the Supreme Court ruled in February that President Trump had exceeded his authority in ordering double-digit tariffs on virtually everything the US imports, Trump sought to replace the import taxes using a different law.

New Zealand Dollar declines after strong US inflation as focus shifts to RBNZ outlook.New Zealand Dollar declines after strong US inflation as focus shifts to RBNZ outlook

United States 10-Year Note Auction rose from previous 4.282% to 4.468%.United States 10-Year Note Auction rose from previous 4.282% to 4.468%

Warsh for Fed Board squeaks through Senate 51-45, Fed Chair vote on deck for Wednesday.Warsh for Fed Board squeaks through Senate 51-45, Fed Chair vote on deck for Wednesday

British Pound: Falls as Starmer Speculation Rattle UK Markets.The Pound Sterling weakened against the Euro and US Dollar as investors weighed growing political uncertainty around Prime Minister Keir Starmer alongside renewed pressure in the UK gilt market. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.15268 (-0.2%)Pound to Dollar (GBP/USD): 1.35301 (-0.53%)Euro to Dollar (EUR/USD): 1.17379.

U.S. Dollar Rallies As Inflation Rate Jumps To 3.8%: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.The American currency is moving higher as traders bet on hawkish Fed.

Pound Sterling Price News and Forecast:Falls as US inflation surprises, UK political turmoil weighs.Pound Sterling Price News and Forecast:Falls as US inflation surprises, UK political turmoil weighs

Australian Dollar drops as hot US CPI strengthens Fed higher-for-longer outlook.Australian Dollar drops as hot US CPI strengthens Fed higher-for-longer outlook