FX news
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Headlines
Japan April PPI surges 4.9% y/y, well above 3% forecast
Japan's April producer price index surged 4.9% year-on-year, far exceeding the 3% forecast and accelerating from 2.6% prior, driven largely by fuel costs.
Cerebras IPO surges 68% on debut, Nvidia hits record high
Cerebras shares opened at $385, well above the $185 IPO price, before settling at $311.07, while Nvidia surged 4.39% to a record $235.44, fueling risk-on sentiment that lifted the US dollar.
GBPUSD tumbles below both 100 and 200 day moving averages
GBPUSD fell 0.92% and broke below key technical support levels as UK political uncertainty intensified after a cabinet resignation and potential leadership challenge.
BOE Pill Warns Second-Round Inflation Effects May Be Stronger
Bank of England Chief Economist Huw Pill warns that second-round effects on inflation may be stronger than expected, as GBP/USD breaks below the 100-day moving average amid USD strength and political uncertainty.
USD flat ahead of US retail sales and jobless claims data
The US dollar traded little changed as markets await retail sales and jobless claims data, with geopolitical tensions easing and equity futures edging higher.
Trump-Xi Beijing meeting eases trade tensions, markets calm
The Trump-Xi meeting in Beijing signals a de-escalation in US-China trade tensions, supporting risk appetite and keeping currency markets steady.
EUR/USD consolidates as ECB rate path and US-Iran tensions keep traders cautious
EUR/USD remains rangebound as the ECB's expected rate hikes and US-Iran stalemate offset higher US inflation and hawkish Fed rhetoric.
China new bank loans disappoint in April as sluggish start continues
China's new bank loans turned negative in April, deepening concerns about weak credit demand despite policy efforts to boost the economy.
Indian Rupee hits new record lows as US-Iran tensions drive FX markets
The Indian rupee sank to new record lows as US-Iran tensions and higher US inflation data boosted the dollar, keeping FX markets rangebound.
USD/JPY nears breakout as yen intervention gains fade
USD/JPY is testing a key resistance level as yen gains from suspected intervention fade, with markets focused on Fed policy divergence and US inflation data.
Asia FX: PBOC sets yuan fixing at strongest since March 2023, Nikkei and KOSPI gain
The PBOC set its yuan fixing at the strongest level since March 2023, supporting Asian currencies and lifting the Nikkei and KOSPI as the Trump-Xi summit opened with conciliatory tones.
Chinese supertanker exits Strait of Hormuz after two months stranded in Gulf
A Chinese VLCC carrying nearly 2 million barrels of Iraqi crude has exited the Strait of Hormuz after more than two months stranded in the Gulf, marking the third known Chinese tanker transit since the US-Israeli conflict with Iran began.
South Korea Fin Min says won volatility excessive vs fundamentals
South Korea's finance minister described won volatility as excessive relative to economic fundamentals, warning that a Samsung strike could become a significant risk to the economy.
US PPI Surges in April, Shocks Markets and Boosts Dollar
The April 2026 US PPI report came in much hotter than expected, with headline PPI surging 1.4% month-over-month, fueling inflation concerns and boosting the US dollar.
ECB's Lane: Policy decisions to remain meeting-by-meeting
ECB Chief Economist Philip Lane reiterated that monetary policy decisions will be made on a meeting-by-meeting basis, while noting supply-driven energy shocks weigh on euro area growth and boost inflation.
BOC Minutes Signal Future Rate Adjustments Will Be Small
Bank of Canada meeting minutes from April 29 show policymakers expect future rate adjustments to be small, reinforcing a cautious stance as USDCAD tests key resistance.
European markets steady as US-Iran tensions persist, oil holds above $100
European equity markets traded in a calmer mood on Wednesday as US-Iran tensions continued to simmer, with oil prices steady above $100 per barrel.
Eurozone Q1 GDP Confirmed at 0.1% QoQ, Q4 Revised Lower
Eurozone Q1 GDP growth was confirmed at 0.1% quarter-on-quarter, matching the preliminary estimate, while Q4 was revised slightly lower, reinforcing a fragile recovery.
FX option expiries for 13 May show no major events
FX option expiries for the 13 May New York cut show no major events, with a muted market mood as traders weigh US-Iran tensions and a hot US inflation report.
PBOC sets USD/CNY fix at 6.8431, well above estimate of 6.7946
The People's Bank of China set the USD/CNY reference rate at 6.8431, significantly weaker than the market estimate of 6.7946, signaling potential policy direction.
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NowPrice news curates headlines from established financial sources (CoinDesk, Decrypt, Investing.com, MarketWatch, OilPrice, Bloomberg and others). Our editorial team writes concise summaries in 5 languages. We don't republish articles — every story links back to the source.