First Impressions – Australia April CPI.The April CPI rose 0.4%mth to be up 4.2%yr. This represents a moderation from the 4.6%yr pace recorded in March and came in below Westpac's near-cast of 0.9%mth/4.8%yr and market expectations of 4.4%yr.

Swiss Franc edges higher as fading risk aversion weighs on USD.Swiss Franc edges higher as fading risk aversion weighs on USD

WTI Crude Oil Finds Stability Above Support, Upside Risks Reemerge.WTI Crude Oil prices declined heavily below $105 and $102 against the US Dollar. The price even dipped below $100 before the bulls stepped in.

RBNZ Delivers Hawkish Hold as Split Vote Signals Rate Hikes Coming Soon.The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 2.25% today, but the decision delivered a distinctly hawkish message as policymakers signaled that rate hikes are likely coming sooner and more aggressively than previously expected. In a major surprise, the Monetary Policy Committee split evenly 3-3, forcing Governor Anna Breman to use her casting vote to keep rates on hold.

Australia CPI Slows More Than Expected to 4.2% as Fuel Inflation Eases.Australia's headline inflation unexpectedly softened in April, reinforcing the view that the Reserve Bank of Australia may remain cautious about delivering further rate hikes despite still-elevated core price pressures. Headline CPI slowed from 4.6% yoy to 4.2% yoy, below expectations of 4.4% yoy.

Natural Gas and Oil Forecast: Truce Stability vs Oil Weakness – Will NatGas Lead the Way?.Ceasefire stability allows energy prices to consolidate on fundamentals amid strong US production and healthy storage. WTI faces strong downside pressure below $92, Brent retests channel floor, and NatGas builds bullish structure.

investingLive Asia-Pacific FX news wrap: RBNZ hold, Oz headline CPI softer, BoJ spadework.A knife-edge RBNZ decision, firming BOJ hike signals and stubborn core inflation kept markets busy across a session heavy with central bank newsflow.

RBNZ Means Business as Hawkish Shift Launches NZD.The Reserve Bank of New Zealand (RBNZ) left the cash rate (OCR) unchanged at 2.25% in April, as expected, but the underlying message was materially more hawkish than markets anticipated.

EUR/JPY Price Forecast: Tests descending channel top near 185.50.EUR/JPY Price Forecast: Tests descending channel top near 185.50

BoJ's official: Financial conditions remain easy in Japan, underpinning economic activity.BoJ's official: Financial conditions remain easy in Japan, underpinning economic activity

NZ central bank holds rates steady in tight vote, warns hikes to come sooner.New Zealand's central bank held rates steady on Wednesday, but ​a split vote underscored a knife-edge decision, as policymakers warned rates will need to rise ‌sooner and by more than expected to counter an energy shock rippling through the global economy.

India rupee may slip past 96/USD as US-Iran worries keep flows and mood weak.The Indian rupee is expected to open weaker on Wednesday, vulnerable to slipping past the 96-per-dollar mark once again as hopes for an imminent ​end to the Middle East conflict have ebbed, keeping portfolio and merchant ‌flows skewed against it.

New Zealand Dollar recovers further from multi-year low vs AUD after RBNZ's hawkish hold.New Zealand Dollar recovers further from multi-year low vs AUD after RBNZ's hawkish hold

New Zealand Dollar gathers strength as RBNZ leaves the rate on hold at 2.25%.New Zealand Dollar gathers strength as RBNZ leaves the rate on hold at 2.25%

Australia consumer inflation slows in April, core creeps higher.Australian consumer prices increased by a little ​less than expected in April ‌thanks mainly to a tax break on fuel, data showed on ​Wednesday, while core inflation ​ticked higher, in a sign ⁠interest rates might still ​have to rise further.

Australian Dollar declines as annual CPI inflation falls in April.Australian Dollar declines as annual CPI inflation falls in April

Australian Dollar pulls back from two-week top vs JPY on softer consumer inflation figures.Australian Dollar pulls back from two-week top vs JPY on softer consumer inflation figures

China data, YTD (January - April) Industrial profits +18.2% y/y (prior +15.5%).Solid data from China. I'll have more to come on this separately, details etc.

Australian April CPI: Headline 4.2% (expected 4.4%, prior 4.6%).Just the data in this post. I'll have more to come on this separately, details etc.

British Pound holds positive bias above 1.3450 vs USD; upside potential seems limited.British Pound holds positive bias above 1.3450 vs USD; upside potential seems limited

Yen hovers near intervention zone as traders assess Iran war outlook.The yen hovered close to its May low versus the U.S. dollar on Wednesday, near levels that spurred Japanese currency intervention in recent weeks, as ​traders weighed the risks of a renewed flare-up in the Iran war.

Japanese Yen edges higher on intervention risk, renewed Iran–US tensions.Japanese Yen edges higher on intervention risk, renewed Iran–US tensions

WTI slips below $92.00 despite US-Iran peace uncertainty.WTI slips below $92.00 despite US-Iran peace uncertainty

RBI dollar-rupee swap gets almost double bids.​​The settlement of the initial leg of the FX swap will take place on Friday, through which the RBI will inject rupee liquidity into the banking system. The liquidity stood at a low surplus of Rs 67,285 crores as of May 25

Rupee undervalued on REER basis, set for rebound: Ashima Goyal.Former MPC member Ashima Goyal stated the rupee is significantly undervalued on a Real Effective Exchange Rate (REER) basis, suggesting an appreciation is likely. This follows Reserve Bank Governor Sanjay Malhotra's comments that the rupee may have become undervalued after recent depreciation.

Rupee's 3-day rally ends on Iran flare-up.The Indian rupee weakened to 95.68 against the dollar on Tuesday, breaking a three-day gaining streak. This decline was attributed to weakening sentiment following US missile strikes on Iran and rising crude oil prices.

Japan April Services PPI (Corporate Services Price Index) 3% y/y (f'cast 3.3%, prior 3.1%).Japan's services producer price index measures the rate of change in prices that domestic service-sector businesses charge one another for services, capturing upstream cost pressures before they flow through to consumer prices. It is watched as an indicator of pipeline inflation and wage cost pass-through.

Japan Corporate Service Price Index (YoY) fell from previous 3.1% to 3% in April.Japan Corporate Service Price Index (YoY) fell from previous 3.1% to 3% in April

Iran threatens to retaliate after US broke ceasefire with overnight strikes.Iran threatens to retaliate after US broke ceasefire with overnight strikes

AUD/JPY Price Forecast: Uptrend stalls near YTD high as RSI flattens.AUD/JPY Price Forecast: Uptrend stalls near YTD high as RSI flattens