Germany Ifo Business Climate Improves Further, but Recovery Still Fragile.Germany's Ifo Business Climate index improved modestly in May, offering signs that Europe's largest economy may be stabilizing after months of weakness, though underlying conditions remain uneven across sectors. Business Climate index rose from 84.5 to 84.9, beating expectations of 84.2.

JPMorgan sees Turkey central bank lift interest rates to 40% imminently.Investment bank JPMorgan said on ​Friday that Turkey's central ‌bank was likely to hike its key ​interest rate to ​40% and could even ⁠do so before its ​next planned meeting ​in June following the latest bout of politically-driven market turbulence.

Intraday Analysis 22.05.2026.Intraday analysis covering NZDUSD, EURJPY, and NAS 100 begins to rebound, focusing on short-term price action, key support and resistance levels, and intraday market momentum across major instruments. NZDUSD tests critical floor The Kiwi spiked lower, as the pair hovers around the psychological level of 0.5900, amid dollar buyers struggling to hold on to their gains.

Pound softens as UK consumers cut spending, public finances worsen.The pound ​edged lower on Friday as uncertainty over the status of peace talks between the U.S. and ‌Iran prompted investors to buy the dollar and after UK data for April showed retail sales fell by the most in nearly a year and Britain's public finances deteriorated sharply.

First Light News: Geopolitics, PMIs & a New Fed Chair.With sentiment largely headline-driven on Thursday, finding a directional bias across US equity benchmarks proved challenging before a late recovery pushed stocks into the green.

Forex market today: Dollar steady, pound weakens after UK data.The US Dollar remained resilient against major currencies on Friday as investors continued to assess developments surrounding the ongoing Middle East conflict and possible negotiations between the United States and Iran. The greenback held firm after a volatile trading session on Thursday, while market participants also awaited fresh economic data from Europe and the United States.

Australian Dollar Loses Momentum After May Peaks.The RBA's third consecutive interest rate increase to 4.35% reflects the regulator's concern over rising inflation: the conflict in the Middle East is increasing energy costs and putting upward pressure on prices. Annual consumer inflation stood at 4.6% in March.

USD/JPY Price Forecast: Upside stalls around 159.00 on US-Iran deal hopes.USD/JPY Price Forecast: Upside stalls around 159.00 on US-Iran deal hopes

Japanese Yen: Energy and rates keep Yen under pressure – Commerzbank.Japanese Yen: Energy and rates keep Yen under pressure – Commerzbank

Canadian Dollar remains subdued as USD gains on hawkish Fed expectations.Canadian Dollar remains subdued as USD gains on hawkish Fed expectations

Turkey Trade Balance above expectations (-8.51B) in April: Actual (-8.5B).Turkey Trade Balance above expectations (-8.51B) in April: Actual (-8.5B)

France Business Climate in Manufacturing registered at 102 above expectations (100) in May.France Business Climate in Manufacturing registered at 102 above expectations (100) in May

Euro remains depressed near 0.8650 against the British Pound despite upbeat German data.Euro remains depressed near 0.8650 against the British Pound despite upbeat German data

UK Retail Sales Fall -1.3% mom in April as Consumer Demand Weakens.UK retail sales contracted sharply in April, reinforcing signs that household demand is weakening as higher living costs and economic uncertainty continue weighing on consumers. Retail sales volumes fell -1.3% mom, much worse than expectations for a -0.6% decline, reversing part of March's 0.6% rebound and following February's -0.8% fall.

British Pound holds losses below 1.3450 on disappointing UK Retail Sales data.British Pound holds losses below 1.3450 on disappointing UK Retail Sales data

Germany GfK Consumer Climate Improves to -29.8 as Income Outlook Recovers.Germany's GfK Consumer Climate index improved from -33.1 to -29.8 heading into June, signaling that household sentiment may be stabilizing after months of deterioration, though confidence remains deeply negative overall. The improvement was supported primarily by a stronger income outlook and a modest recovery in spending appetite despite continued uncertainty linked to the Middle East conflict and elevated living costs.

UK borrows bigger-than-expected 24.3 billion pounds in April.Britain's public finances showed a deficit of 24.3 billion pounds ($32.63 billion) last month, ​the second-highest borrowing for April on record, ‌official figures showed on Friday.

UK retail sales fell 1.3% in April, ONS says.British retail sales volumes fell by 1.3% on the month in ​April, according to official figures published ‌on Friday.

Diverging PMIs as US Shows Resilience, Euro Area Falters.In the US-Iran war, reports that Iran's Supreme Leader had ordered that near weapons‑grade uranium must remain in the country, directly clashing with a core US and Israeli demand that stocks must be shipped abroad. Reuters, citing sources, said Mojtaba Khamenei had ordered enriched uranium not to be moved, although Al Jazeera's sources later denied this.

Indian Rupee holds onto gains on intensified US-Iran deal optimism.Indian Rupee holds onto gains on intensified US-Iran deal optimism

Euro edges lower to near 1.1600 on US-Iran peace deal uncertainty.Euro edges lower to near 1.1600 on US-Iran peace deal uncertainty

Cliff Notes: Consumers Wonder What's Next.In Australia this week, the Westpac-MI Consumer Sentiment Index clawed back only a quarter of April's collapse, rising 3.5% to 83.0. This leaves sentiment at a deeply pessimistic level, reminiscent of the scars inflicted by the post-pandemic cost-of-living shock.

Stock Markets Surge on US-Iran Peace Progress and Soft Japan CPI.Equities: Global equities experienced a massive relief rally. Wall Street rallied for the second consecutive session, with a fresh all-time closing high seen in the Dow Jones Industrial Average.

ECB, banks rift hampers Europe's efforts to loosen reliance on US payments giants.Europe's push to curb its dependence on U.S. payments giants Visa and Mastercard has driven a wedge between the European Central Bank and financial firms keen to shield revenues, hobbling efforts ​to build a home-grown system, several people involved said.

US dollar holds near six-week high as US data and Iran doubts lift demand.The US dollar held close to a six-week high on Friday as resilient US economic data and uncertainty over US-Iran talks kept demand for the greenback intact. The dollar index traded at 99.24, little changed on the day and just below Thursday's high of 99.515, the strongest level since April 7.

US-Iran developments still the main focus ahead of the weekend.There have been plenty of mixed headlines in the past 24 hours. So, let's do our best to catch up and make sense of what is happening in the Middle East conflict.

India central bank not in favour of rate hikes to defend rupee, prioritises inflation, sources say.India's central bank does not see interest rate hikes as the best way to ​defend the embattled rupee, three sources said, a position at odds with markets, reinforcing that inflation - not the currency - will ‌guide policy on borrowing costs.

AUD/JPY Price Forecast: Weakens to near 113.50, but broader uptrend remains intact.AUD/JPY Price Forecast: Weakens to near 113.50, but broader uptrend remains intact

investingLive Asia-Pacific FX news wrap: Asia markets climb. Japan CPI hits four-year low.Asian markets closed mostly higher on Friday in a session that lacked drama on the geopolitical front but delivered one of the more notable data points of the week, with Japan's core inflation falling to its slowest pace in four years and prompting fresh debate about the Bank of Japan's path ahead.

Swiss Franc flattens against US Dollar as investors await US-Iran deal announcement.Swiss Franc flattens against US Dollar as investors await US-Iran deal announcement