Russia Consumer Price Index (MoM) meets forecasts (0.2%) in May.Russia Consumer Price Index (MoM) meets forecasts (0.2%) in May

British Pound hovers near 1.3400 as hot US CPI weighs on the USD.British Pound hovers near 1.3400 as hot US CPI weighs on the USD

Australian Dollar loses ground for fourth day as NAB forecasts future RBA rate cuts.Australian Dollar loses ground for fourth day as NAB forecasts future RBA rate cuts

Denmark: Core inflation rise as headline stays below Euro area – Nordea.Denmark: Core inflation rise as headline stays below Euro area – Nordea

Euro steadies as markets digest US inflation data and await ECB decision.Euro steadies as markets digest US inflation data and await ECB decision

Japanese Yen: Bearish outlook against USD as BoJ hike priced – Scotiabank.Japanese Yen: Bearish outlook against USD as BoJ hike priced – Scotiabank

Bank of Canada Holds, Signals Balancing Risks from Oil Prices and Trade .The Bank of Canada (BoC) held its policy rate at 2.25%, noting that maintaining the current setting “balances” the competing risks of economic weakness and rising inflation.

US Dollar: Uptrend seen intact into FOMC – TD Securities.US Dollar: Uptrend seen intact into FOMC – TD Securities

Crude Oil Price Analysis – Crude Oil Continues to Grind Back and Forth.Until the situation in the Middle East settles down a bit, I think it will be difficult to see oil completely fall apart. The supply chain will continue to be an issue going forward.

Mexican Peso: Softer carry but relative support – Rabobank.Mexican Peso: Softer carry but relative support – Rabobank

Natural Gas Price Analysis – Natural Gas Rallies Early on Wednesday.Natural gas bounces slightly in early trading on Wednesday, as we continue to see a lot of noisy back-and-forth action here.

New Zealand Dollar trades sideways after mixed China data, three-year high US inflation.New Zealand Dollar trades sideways after mixed China data, three-year high US inflation

BoC Holds Rates, Sees Energy Shock But Limited Inflation Pass-Through.The Bank of Canada left its overnight rate unchanged at 2.25% as expected. The accompanying statement revealed a central bank that is far less concerned about the recent rise in inflation than the headline numbers might suggest.

US: Headline Inflation Climbs to a Three-Year High in May.The Consumer Price Index (CPI) rose by 0.5% month-on-month (m/m) in May, meeting the Bloomberg consensus forecast. On a twelve-month basis, CPI jumped 4.2% – the fastest rate of growth in three-years.

Euro: Supported by heavy sovereign issuance – BNY.Euro: Supported by heavy sovereign issuance – BNY

Norwegian Krone: Hawkish Norges Bank underpins strength – BBH.Norwegian Krone: Hawkish Norges Bank underpins strength – BBH

US CPI Delivers Relief, But Middle East Risks Intensify.Markets received some welcome relief from US inflation data today, but the respite might prove short-lived as renewed geopolitical tensions quickly returned to the forefront. While headline CPI accelerated to its highest level in three years, the underlying details were slightly softer than feared, allowing investors to step back from the idea that the Federal Reserve may need to move rapidly toward rate hike.

Brent: Limited reaction to US–Iran strikes – MUFG.Brent: Limited reaction to US–Iran strikes – MUFG

Crude oil forecast: WTI could return to $100 amid re-escalation.Oil prices are rising once more as Trump warns Iran has to pay the price for taking too long to negotiate. Despite jawboning the oil market lower earlier this week, it looks like the situation is deteriorating unfortunately and oil prices could start climbing towards $100 once again.

US Inflation Climbs to 4.2%, But Core CPI Offers Fed Some Relief.US CPI accelerated from 3.8% yoy to 4.2% yoy in May, matching expectations and reaching its highest level in three years as the energy shock continued to work its way through the economy. However, the details of the report were somewhat slightly less alarming than feared.

Natural Gas News: Overnight Flip Suggests Weather Shift as Shorts Cover.Natural gas futures rallied from oversold levels as traders weighed a possible weather shift. See key chart levels, LNG trends, and inventory data.

One Inflation Print Could Flip the Whole Market Mood.Semiconductor stocks have suffered one of their sharpest sell-offs in recent years, with investors questioning whether AI enthusiasm has pushed valuations too far, too fast. Fawad Razaqzada, Market Analyst at FOREX.com, part of StoneX, explains the chip rout, why this week's recovery may be a technical bounce, and what Wednesday's CPI print could mean for markets.

Japanese Yen hits fresh lows at 160.50 US Dollar as BoJ's Ueda is hospitalized.Japanese Yen hits fresh lows at 160.50 US Dollar as BoJ's Ueda is hospitalized

India M3 Money Supply remains unchanged at 12% in May 25.India M3 Money Supply remains unchanged at 12% in May 25

Market jitters permeate as Trump looks to reignite conflict with Iran.It's a heated morning already as we look to US trading later with Trump going on blast about Iran today. The message is that he's had just about enough as negotiations continue to drag on and now Iran must "pay the price".

US Dollar: Upside risks persist on sticky inflation – BBH.US Dollar: Upside risks persist on sticky inflation – BBH

Trump says he's close to ordering new strikes against Iranian power plants and bridges.Trump said on Fox News that he is close to authorizing new strikes against Iranian infrastructure, including power plants and bridges, while accusing Tehran of dragging out negotiations and refusing to accept a deal that Washington believes should already have been reached.

investingLive European markets wrap: US-Iran tensions escalate ahead of big CPI report.Well, thar she blows! After all the talk of being "very close" to a deal, US president Trump is out saying that enough is enough.

Rupee ends nearly flat on competing oil, intervention and NDF maturity cues.The Indian rupee saw little change on Wednesday. Traders noted oil price swings and strong dollar demand.

Oil: Escalation Is No Reason for a Rally.The US dollar has recorded modest gains amid the recent escalation of the conflict in the Middle East, while oil prices have fallen. This is typical behaviour during a relatively smooth reassessment of monetary policy prospects, rather than a nervous reaction to geopolitical events.