Canadian Dollar drops to two-month low vs USD as Fed-BoC gap counter higher Oil prices.Canadian Dollar drops to two-month low vs USD as Fed-BoC gap counter higher Oil prices

Fed's Logan Questions Whether Current Rates Are Restrictive Enough.Dallas Fed President Lorie Logan delivered one of the most hawkish messages from a Fed official this year, warning that policymakers may ultimately need to raise rates again if inflation remains stubbornly elevated. While she stopped short of advocating an immediate move, Logan said she is “increasingly concerned that higher interest rates could be necessary later this year to fully restore price stability.

Japan government expects BOJ to coordinate policy steps with it, spokesperson says.Japan's government expects the Bank of Japan ​to conduct appropriate monetary ‌policy toward a sustainable 2% inflation target that is ​driven by wage growth ​in close coordination with the ⁠government, Chief Cabinet Secretary ​Minoru Kihara said on Thursday.

Fed Reports Stable Labor Market, Rising Costs, and Strained Consumers.The Federal Reserve's latest Beige Book painted a picture of an economy that continues to grow but is increasingly feeling the effects of higher energy costs and persistent inflation pressures. Economic activity expanded at a “slight to moderate pace” in ten of the twelve Fed districts, while consumer spending was uneven and increasingly divided along income lines.

India to scrap capital gains tax on foreign investment in government bonds, ET reports.India plans to scrap capital gains tax on investments in ​government securities by foreign portfolio investors (FPIs), ‌the Economic Times reported on Thursday, citing sources.

Australia April goods trade back in surplus as exports rebound.Australia's balance on goods trade swung back into surplus ​in April after a surprise ‌deficit the month before, data showed on Thursday, as a rebound in ​resource exports helped offset a ​surge in fuel imports.

Australian April Exports leap higher at +7.2% m/m (vs. -2.7% prior).Australian April 2026 trade data, gives a trade balance of 1.791bn AUD surplus expected -1.61bn, prior -1.84bn I'll have more to come on this separately. In brief exports or iron ore, coal and LPG strong.

Dollar clings to 2-month high as Gulf hostilities flare, yen wobbles near intervention zone.Heightened Middle East tensions, including Iranian attacks and U.S. strikes, propelled oil prices and boosted the dollar's safe-haven appeal near a two-month peak. The yen teetered around the 160 mark, sparking intervention fears.

Australia Trade Balance (MoM) up to 1791M in April from previous -1841M.Australia Trade Balance (MoM) up to 1791M in April from previous -1841M

ANZ commodity index rises on tight supply, but NZD gains clip export returns.ANZ's world commodity price index rose 0.7% in May, led by aluminium prices up 49.1% y/y after Persian Gulf production fell 35% due to Middle East conflict damage.

House passes war powers resolution to halt Trump's authority in Iran.House passes war powers resolution to halt Trump's authority in Iran

Rupee falls amidst gulf tensions and rising oil prices.The Indian rupee weakened against the US dollar on Wednesday. This decline was driven by escalating tensions in the Gulf region and a subsequent rise in oil prices.

Ireland AIB Services PMI climbed from previous 49.7 to 50.8 in May.Ireland AIB Services PMI climbed from previous 49.7 to 50.8 in May

Australian Dollar tumbles as Hormuz strikes spark US Dollar flight.Australian Dollar tumbles as Hormuz strikes spark US Dollar flight

New Zealand Dollar plunges as hawkish Fed remarks boost US Dollar.New Zealand Dollar plunges as hawkish Fed remarks boost US Dollar

TRADING DAY War clouds and tech wobbles.Escalating tensions in the Middle East and a wave of profit-taking in AI and tech shares cast a long shadow over markets on Wednesday, depressing the price of stocks and bonds while lifting the dollar and oil.

Natural Gas Price Forecast: Reversal Signal Eyes Higher Targets.Natural gas held above key moving-average support and triggered a bullish reversal, improving the outlook for a renewed advance toward higher resistance targets.

Fed's Logan: Inflation is taking too long to return to 2%.Fed's Logan: Inflation is taking too long to return to 2%

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Iran Attacks U.S. Bases In Bahrain And Kuwait.In turn, the U.S. attacked an empty oil tanker that was headed to Iran.

Crude oil futures settled at $96.02 up 2.41%.Crude oil futures settled at $96.02, gaining $2.26, or 2.41%, as buyers remained firmly in control throughout the session. Prices traded in a wide range, reaching a high of $97.00 and a low of $93.45, but the overall trend remained higher as bullish momentum continued to build.

U.S. Dollar Gains Ground As Geopolitical Risks Rise: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.The better-than-expected ISM Services PMI report provided additional support to the American currency.

Canadian Dollar down despite soaring Oil Prices: What's pressuring the CAD?.Canadian Dollar down despite soaring Oil Prices: What's pressuring the CAD?

Japanese Yen: Markets eye 160 versus US Dollar on hawkish BoJ – Scotiabank.Japanese Yen: Markets eye 160 versus US Dollar on hawkish BoJ – Scotiabank

Geopolitical news: China, Iran, NATO, and chip shortage.In a another worry, automakers, retailers and consumer electronic firms are warning of chip shortages and price hikes could lead to significant and sustained near-term price increases for American households.

Japanese Yen loses ground amid US PMI data.Japanese Yen loses ground amid US PMI data

Japanese Yen Forecast: USD/JPY Rally Nears Intervention Zone.USD/JPY has extended its recovery from the May lows and is now approaching a major resistance zone near the yearly highs. While the broader technical outlook remains constructive, traders are once again nearing levels that have historically attracted the attention of Japanese officials.

Russia Unemployment Rate meets forecasts (2.2%) in April.Russia Unemployment Rate meets forecasts (2.2%) in April

India: Growth set to cool in early 2026 – DBS.India: Growth set to cool in early 2026 – DBS

British Pound buckles as Hormuz attacks spark US Dollar rush.British Pound buckles as Hormuz attacks spark US Dollar rush

British Pound: Range-bound versus US Dollar ahead of BoE – Scotiabank.British Pound: Range-bound versus US Dollar ahead of BoE – Scotiabank