UK consumer spending falls for first time since 2024 as Iran war bites.UK consumer spending fell 0.1% in April, the first annual decline since late 2024, as Iran war fears drove households toward savings and away from big-ticket and travel spending, Barclays and BRC data showed.

Australian Dollar capped ahead of Australian Budget release.Australian Dollar capped ahead of Australian Budget release

China: Reflation momentum delays PBoC cuts – ING.China: Reflation momentum delays PBoC cuts – ING

US Dollar Coiling, USD/JPY Eyes Resistance Heading into US CPI.The US dollar is holding within a tight range ahead of today's US CPI report, as traders assess whether elevated oil prices linked to the Iran conflict continue to fuel inflationary pressures. While the broader bearish USD thesis remains intact for now, USD/JPY is rebounding towards key resistance near 158 following suspected intervention from Japan's Ministry of Finance.

Chinese Yuan: Strengthens into US–China summit – Societe Generale.Chinese Yuan: Strengthens into US–China summit – Societe Generale

investingLive Americas FX news wrap 11 May: Markets stall as Iran tensions simmer.President Trump sharply criticized Iran's response to the reported U.S. 14-point peace framework, calling it “totally unacceptable,” “garbage,” and “unbelievably weak.” He said he did not even finish reading the response because he felt Iran was “playing games.

Natural Gas Price Forecast: Bullish Reversal Extends Higher.Natural gas extends its bullish structure after reclaiming key moving averages and breaking out from a falling wedge, with momentum pointing toward higher resistance levels.

Natural Gas News: Futures Spike 6% as Weather Forecast Ignites Market.Natural gas futures surged 6% as hotter weather, LNG risk and tighter inventory forecasts triggered aggressive short covering across the market.

China: Supportive policy but slower growth – BNP Paribas.China: Supportive policy but slower growth – BNP Paribas

Economic and event calendar Asia Tuesday, May 12, 2026 - BoJ will give us their thoughts.The Bank of Japan (BOJ) releases a "Summary of Opinions" after each monetary policy meeting. It serves as a record of the discussion and views of the Policy Board members on various economic and financial issues.

Malaysian Ringgit: Stronger BNM reserves back stability – UOB.Malaysian Ringgit: Stronger BNM reserves back stability – UOB

Japanese Yen loses ground as Trump rejects Iran proposal ahead of US CPI.Japanese Yen loses ground as Trump rejects Iran proposal ahead of US CPI

Japan: Wage gains, confidence risks and BoJ – Rabobank.Japan: Wage gains, confidence risks and BoJ – Rabobank

Swiss Franc: Safe-haven CHF held back by SNB – MUFG.Swiss Franc: Safe-haven CHF held back by SNB – MUFG

Iran is ready to dilute highly enriched uranium to levels of 3.7% and 20%.Iran is ready to dilute highly enriched uranium to levels of 3.7% and 20%, according to Al Jazeera citing a source. Washington refused to transfer the highly enriched uranium to Russia and instead suggested a third country receive it.

India: Upside risks build as price pressures broaden – Societe Generale.India: Upside risks build as price pressures broaden – Societe Generale

U.S. Treasury auctions off $58 billion of three-year notes at a high yield of 3.965%.The auction was weak with a positive tail, bid to cover less than the six month average, the dealers being saddled with more of the average. The domestic buyers were weak while the international buyers were modestly lower than the average.

United States 3-Year Note Auction rose from previous 3.897% to 3.965%.United States 3-Year Note Auction rose from previous 3.897% to 3.965%

Axios: Trump to meet with his national security team to discuss the way for in Iran war..Over the weekend, hopes for a diplomatic breakthrough between the U.S. and Iran faded sharply after Iran delivered what President Trump described as an unacceptable response to the latest U.S. proposal aimed at ending the conflict and restarting broader nuclear negotiations. Trump said he was disappointed with Iran's reply, calling it “totally unacceptable” and “inappropriate,” while adding that Tehran failed to make meaningful concessions on its nuclear program — a central U.S. demand.

U.S. Dollar Gains Some Ground As Oil Markets Rally: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.Rising oil prices provided support to the American currency.

Pound Sterling Today: Why Political Chaos Isn't Hurting GBP Yet.The Pound Sterling remained relatively resilient at the start of the week despite rising political uncertainty, with GBP/USD holding around 1.36 even as markets speculate over a possible Labour leadership challenge following heavy local election losses. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.1586 (+0.29%)Pound to Dollar.

WTI Oil climbs on Trump rejection of Iran peace plan, Hormuz closure fears.WTI Oil climbs on Trump rejection of Iran peace plan, Hormuz closure fears

British Pound steadies as Starmer ouster fears rock UK Gilts.British Pound steadies as Starmer ouster fears rock UK Gilts

Australian Dollar surges as traders await US CPI, Trump rejects Iran deal.Australian Dollar surges as traders await US CPI, Trump rejects Iran deal

Trump: Iran war will be over soon..Trump is speaking and says: Iran war will be over soon We have wiped out their Navy. Iran is out of weapons, leadership, Army and Navy Will meet with a large group of Generals about Iran Wants to bring oil prices down.

US Dollar: Gradual depreciation path outlined – BNP Paribas.US Dollar: Gradual depreciation path outlined – BNP Paribas

Swedish Krona: Dovish Riksbank weighs on currency – MUFG.Swedish Krona: Dovish Riksbank weighs on currency – MUFG

Iran news: Pres Trump is considering renewing Project Freedom.The latest Iran-related headlines suggest that tensions in the Middle East remain elevated, but there are also ongoing diplomatic efforts to prevent a broader escalation.

Swiss Franc regains traction as USD eases from intraday highs amid stalled US-Iran negotiations..Swiss Franc regains traction as USD eases from intraday highs amid stalled US-Iran negotiations.

Japanese Yen: Choppy trade versus US Dollar around intervention line – OCBC.Japanese Yen: Choppy trade versus US Dollar around intervention line – OCBC