Fed's Goolsbee: Iran War Is Inflationary, Not Yet Stagflationary.Chicago Fed President Austan Goolsbee said the Iran conflict is increasingly behaving as an inflationary shock rather than a stagflationary one, a distinction that carries important implications for monetary policy.

Dollar on defensive as markets hope for best on Middle East.The dollar remained on the defensive on ​Thursday as hopes for a de-escalation in the Iran-U.S. war supported oil-exposed currencies, while Tokyo ‌resumed its verbal intervention in support of the yen keeping speculators cautious.

Canadian Dollar remains flat as crude oil prices decline.Canadian Dollar remains flat as crude oil prices decline

DXY: Dollar Probes Through Key supports Again as Fresh Optimism Fades Safe Haven Demand.The dollar came under increased pressure on Wednesday after fresh wave of optimism about a possible end of US-Iran war deflated safe-haven demand.

ICYMI - Saudi base ban forced Trump to pause Strait of Hormuz shipping operation.ICYMI, NBC with the rep[ort that Saudi Arabia blocked U.S. military use of a key airbase and airspace, forcing Trump to pause Project Freedom, his plan to escort ships through the Strait of Hormuz, within 36 hours of launch.

Australia Trade Balance (MoM) came in at -1841M below forecasts (4250M) in March.Australia Trade Balance (MoM) came in at -1841M below forecasts (4250M) in March

Australia Exports (MoM) fell from previous 4.9% to -2.7% in March.Australia Exports (MoM) fell from previous 4.9% to -2.7% in March

Japan's Mimura says will closely monitoring currency markets.Japan's Mimura says will closely monitoring currency markets

Australian Dollar edges lower ahead of Trade Balance data.Australian Dollar edges lower ahead of Trade Balance data

Japanese Yen consolidates as intervention fears, hawkish BoJ keep USD/JPY below mid-156.00s.Japanese Yen consolidates as intervention fears, hawkish BoJ keep USD/JPY below mid-156.00s

Iran to deliver response Thursday to U.S. war-ending proposal via Pakistan mediators.Iran is expected to deliver its response Thursday to a U.S. proposal for ending the war, with Trump citing "very good talks" and Pakistan actively mediating toward a permanent peace agreement.

OECD sees fragile New Zealand recovery; warns on energy, ageing and capital-market gaps.New Zealand's economy is in the early stages of a recovery after more than two years of weakness, but the OECD warns the rebound ​is fragile and exposed to renewed inflation pressure, high energy costs, ‌ageing-related fiscal strain and chronically weak productivity, according to a report released by the OECD.

WTI falls below $93.50 on hopes of strait of Hormuz reopening.WTI falls below $93.50 on hopes of strait of Hormuz reopening

RBI may have to bear forex risk to boost foreign money inflows.India may need central bank support to attract dollar investments, potentially through forex deposit schemes, to cover exchange risks and offer competitive yields. Economists suggest higher subsidies from the RBI might be necessary to make such initiatives attractive for banks, especially given current global interest rates.

Japan forex czar says IMF floating rate label does not limit currency action.Japan's top currency diplomat Atsushi Mimura ​said on Thursday that ‌the International Monetary Fund's classification of Japan as having ​a free floating exchange ​rate regime does not ⁠restrict the frequency of ​currency intervention.

Rupee surges 67 paise in steepest one-day gain in a month.The Indian rupee surged 67 paise against the dollar on Wednesday, marking its steepest single-day gain in over a month. This appreciation was driven by a significant drop in crude oil prices and positive indications from Iran and the US regarding diplomatic efforts.

BoJ Minutes: Rates will be raised in line with improvements in economy, priced.BoJ Minutes: Rates will be raised in line with improvements in economy, priced

US President Donald Trump warns Iran of ‘much bigger' bombing if it doesn't agree to peace deal.US President Donald Trump warns Iran of ‘much bigger' bombing if it doesn't agree to peace deal

Japan Monetary Base (YoY) came in at -11.3% below forecasts (-10.5%) in April.Japan Monetary Base (YoY) came in at -11.3% below forecasts (-10.5%) in April

EU parliament negotiator says trade deal work is not yet done as May talks loom.EU parliament trade chief Bernd Lange says good progress has been made on EU-US trade deal legislation but more work remains, with the next trilogue set for May 19 in Strasbourg.

Fed's Goolsbee: US‑Iran conflict is an inflationary shock.Fed's Goolsbee: US‑Iran conflict is an inflationary shock

GBP/JPY Price Forecast: Breaks below 213.00 eyes on 212.00.GBP/JPY Price Forecast: Breaks below 213.00 eyes on 212.00

South Korea FX Reserves increased to 427.88B in April from previous 423.66B.South Korea FX Reserves increased to 427.88B in April from previous 423.66B

The Peace rally can't be stopped – North American Session Market Wrap for May 6.May 6, 2026 North-American Session Recap – Sentiment continues to be ecstatic as Axios revealed that a US-Iran deal is coming closer. Check up the latest trends and developments, daily asset and FX performance, what changed fundamentally and what's coming up in the session ahead.

Natural Gas Price Forecast: Bullish Breakout Faces Key Test.Natural gas pulls back after testing resistance, holding near key support while a recent wedge breakout keeps upside targets viable if the 50-day moving average is reclaimed.

Indonesia: Fiscal slippage keeps bearish bias – Societe Generale.Indonesia: Fiscal slippage keeps bearish bias – Societe Generale

Copper attempts to break its mid-April $6.10 spike – On the way to new ATH? XCU/USD Outlook.Copper (XCU/USD) update: The copper market surges as a tumbling US Dollar removes headwinds and peace hopes take hold. Driven by relentless AI Capex and structural grid upgrades, the orange metal looks to break key resistance levels.

USD/PHP: Inflation shock drives underperformance risk – MUFG.USD/PHP: Inflation shock drives underperformance risk – MUFG

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 8% As U.S. And Iran Evaluate A Potential Deal.Recent reports indicate that U.S. – Iran negotiations may restart next week in Islamabad.

Carry trade: Profit-taking risk builds into H2 – BNY.Carry trade: Profit-taking risk builds into H2 – BNY