France ILO Unemployment above expectations (7.8%) in 1Q: Actual (8.1%).France ILO Unemployment above expectations (7.8%) in 1Q: Actual (8.1%)

Swiss Franc steadies above 0.7800 as traders brace for US PPI data, Trump-Xi summit.Swiss Franc steadies above 0.7800 as traders brace for US PPI data, Trump-Xi summit

Borrowed Stability.No surprise, US inflation accelerated in April – but the data released yesterday showed that it accelerated more than expected for both headline and core figures: the former rose to 3.8% – heavily impacted by the rapid rise in energy prices – while the latter, core inflation, the version that excludes food and energy prices due to their volatile nature, rose to 2.8%. Both are significantly higher and decidedly moving away from the Fed's 2% inflation target.

Euro moves little against Japanese Yen as risk aversion increases.Euro moves little against Japanese Yen as risk aversion increases

Locked in a stalemate with Iran, Trump heads to China.A look at the day ahead in European and global markets from Gregor Stuart Hunter

AUD/JPY Price Forecast: Holds steady above 114.00, bullish trend stays intact above key support.AUD/JPY Price Forecast: Holds steady above 114.00, bullish trend stays intact above key support

investingLive Asia-Pacific FX news wrap: Iran missile sites rebuilt.It was one of those sessions where the news flow was thin but the headlines that did land carried weight well above their volume. The dollar edged higher for another day, oil slipped a touch, and the world's most critical shipping lane generated a news story simply because a ship tried to use it.

New Zealand Dollar holds losses following RBNZ Inflation Expectations release.New Zealand Dollar holds losses following RBNZ Inflation Expectations release

Copper Morphs From Breakout Mode to Mania.Copper's rally is starting to look increasingly speculative, with the move to fresh record highs since the start of May increasingly resembling the explosive price action seen elsewhere across the AI supply chain, including semiconductors and memory chips, as investors aggressively chase exposure to the infrastructure buildout theme.

WTI corrects to near $97.20 amid oil demand concerns, Trump-Xi meeting in focus.WTI corrects to near $97.20 amid oil demand concerns, Trump-Xi meeting in focus

New Zealand Inflation Expectations Jump as RBNZ OCR Outlook Turns Hawkish.New Zealand's latest RBNZ Survey of Expectations showed a sharp rise in near-term inflation expectations, reinforcing concerns that price pressures may remain elevated even as growth slows. One-year-ahead CPI inflation expectations jumped from 2.59% to 3.41%, while two-year expectations rose from 2.37% to 2.53%, moving further above the Reserve Bank of New Zealand's medium-term inflation target midpoint.

New Zealand RBNZ Inflation Expectations (QoQ): 2.53% (2Q) vs 2.37%.New Zealand RBNZ Inflation Expectations (QoQ): 2.53% (2Q) vs 2.37%

Rupee may see modest boost from steps to curb bullion imports, oil pressure lingers.The Indian rupee might open marginally higher on Wednesday, supported by a hike in import duties on gold and silver, though ​oil prices and a rise in U.S. inflation are expected to ‌limit upside.

South Korea Money Supply Growth fell from previous 8% to 7.2% in March.South Korea Money Supply Growth fell from previous 8% to 7.2% in March

OECD chief backs BOJ path and calls for trade reform ahead of Trump-Xi talks.The OECD secretary-general said the BOJ is not clearly behind the curve on rates and called for reform of international trading rules, describing the upcoming Trump-Xi summit as an important part of that process.

WTI Crude Oil Signals Breakout, Momentum Points To Fresh Rally.WTI Crude Oil prices found support near $90.00 against the US Dollar. The price started a steady upward move above the $95.00 and $96.50 levels.

OECD Sees BoJ Raising Rates to 2% by End-2027.The OECD projected on Wednesday that the Bank of Japan will continue steadily normalizing monetary policy, with the short-term policy rate expected to rise from the current 0.75% to 2% by the end of 2027.

Japanese Yen remains subdued despite hawkish tone surrounding BoJ's policy outlook.Japanese Yen remains subdued despite hawkish tone surrounding BoJ's policy outlook

Fed's Goolsbee: Inflation Is Moving the Wrong Way, Labor Market Is Not.Chicago Fed President Austan Goolsbee warned overnight that US inflation is moving in the “wrong way,” expressing particular concern that price pressures are spreading beyond energy and tariffs into broader service categories. His remarks followed April's firmer-than-expected CPI report, which showed both headline (3.8%) and core (2.8%) inflation accelerating as rising oil prices increasingly fed through the economy.

Australian Dollar edges higher to near 0.7250 on hawkish RBA tone, eyes on Trump-Xi summit.Australian Dollar edges higher to near 0.7250 on hawkish RBA tone, eyes on Trump-Xi summit

Australia Wage Price Index (YoY) meets forecasts (3.3%) in 1Q.Australia Wage Price Index (YoY) meets forecasts (3.3%) in 1Q

Dollar near one-week high as hot U.S. inflation fans Fed hike bets, peace talks stall.The dollar held near a one-week high on Wednesday as risk sentiment soured after a hot U.S. inflation reading sent Treasury yields higher, and oil inched ​up on renewed Middle East uncertainty.

Australia Wage Price Index (QoQ) meets forecasts (0.8%) in 1Q.Australia Wage Price Index (QoQ) meets forecasts (0.8%) in 1Q

Asia markets falter as hot US inflation, shaky Iran ceasefire weigh.Stocks started the Asian session on the ​back foot on Wednesday, with talks between Washington and Tehran at a standstill as hotter-than-expected U.S. inflation underscored the growing economic ‌toll of the Middle East conflict.

Canadian Dollar flat lines near 1.3700 amid hot US CPI inflation, US-Iran tensions.Canadian Dollar flat lines near 1.3700 amid hot US CPI inflation, US-Iran tensions

US President Donald Trump says trade will be priority in summit with Xi, not Iran.US President Donald Trump says trade will be priority in summit with Xi, not Iran

Japan Trade Balance - BOP Basis climbed from previous ¥2709B to ¥3900B in March.Japan Trade Balance - BOP Basis climbed from previous ¥2709B to ¥3900B in March

Japan Bank Lending (YoY) registered at 5.4% above expectations (4.6%) in April.Japan Bank Lending (YoY) registered at 5.4% above expectations (4.6%) in April

Japan Current Account n.s.a. registered at ¥4.682B, below expectations (¥3879B) in March.Japan Current Account n.s.a. registered at ¥4.682B, below expectations (¥3879B) in March

US President Donald Trump says Iran must make deal or face renewed attacks.US President Donald Trump says Iran must make deal or face renewed attacks