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PHP: Hawkish BSP outlook and off-cycle hike – Standard Chartered
Standard Chartered economists Jonathan Koh and Edward Lee argue that the Bangko Sentral ng Pilipinas (BSP) will stay hawkish despite softer growth in the Philippines.
Fxstreet
Thu, May 7
IDR: FX curbs and bond support to steady currency – DBS
DBS Group Research’s Radhika Rao highlights Bank Indonesia’s latest steps to manage FX volatility and support the Indonesian Rupiah. The central bank has tightened documentation thresholds for Dollar purchases, continued bond buying and enabled selected dealers to access offshore NDFs.
Fxstreet
Thu, May 7
Fed’s Daly: We have to work on price stability without overreacting
Mary Daly, President of the Federal Reserve (Fed) Bank of San Francisco, said on Bloomberg TV on Thursday that she doesn’t see evidence that longer-run inflation expectations are up. She also claimed that wage rises are consistent with the overall 2% inflation.
US Dollar Index
Fxstreet
Thu, May 7
USD/SGD: Range trading with downside bias – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong see USD/SGD consolidating as markets await clarity on a potential US–Iran deal. The pair has slipped slightly on tentative optimism, but Iran has yet to respond and a 48‑hour deadline looms, keeping some caution in place.
USD/SGD
Fxstreet
Thu, May 7
NY Fed Survey of Consumers: Households see higher inflation next year
The New York Fed released its Survey of Consumer Expectations for April, which showed that American households expect prices to rise in the short term. For the medium- to long-term horizon, inflation expectations were unchanged.
Fxstreet
Thu, May 7
United States 4-Week Bill Auction increased to 3.61% from previous 3.6%
United States 4-Week Bill Auction increased to 3.61% from previous 3.6%
Fxstreet
Thu, May 7
Fed’s Hammack: Fed should be neutral in policy stance
Beth Hammack, President of the Federal Reserve (Fed) Bank of Cleveland, in an interview on a public radio station on Thursday. She claimed that she sees a lot of uncertainty in the economic outlook and that the Fed should be more neutral in its policy stance given this uncertainty.
US Dollar Index
Fxstreet
Thu, May 7
Germany: Recovery risks rise after Middle East conflict – Commerzbank
Commerzbank’s Dr. Ralph Solveen notes that German industry orders rose 5% in March, with core orders up 5.1% and gains broadly spread across sectors, indicating an economic recovery was underway before the Middle East conflict.
Fxstreet
Thu, May 7
Canada: Sector risks under USMCA review – NBC
National Bank of Canada (NBC) analysts highlight that Canada’s aggregate tariff burden still looks relatively low versus peers, but warns this advantage is eroding.
USD/CAD
Fxstreet
Thu, May 7
United States EIA Natural Gas Storage Change below forecasts (72B) in May 1: Actual (63B)
United States EIA Natural Gas Storage Change below forecasts (72B) in May 1: Actual (63B)
Fxstreet
Thu, May 7
United States Construction Spending (MoM): -0.2% (February) vs -0.3%
United States Construction Spending (MoM): -0.2% (February) vs -0.3%
Fxstreet
Thu, May 7
United States Construction Spending (MoM) registered at 0.6% above expectations (0.2%) in March
United States Construction Spending (MoM) registered at 0.6% above expectations (0.2%) in March
Fxstreet
Thu, May 7
United States Construction Spending (MoM) up to 0.6% in February from previous -0.3%
United States Construction Spending (MoM) up to 0.6% in February from previous -0.3%
Fxstreet
Thu, May 7
US: Initial Jobless Claims rose to 200K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 200K for the week ending May 2.
Fxstreet
Thu, May 7
United States Unit Labor Costs down to 2.3% in 1Q from previous 4.4%
United States Unit Labor Costs down to 2.3% in 1Q from previous 4.4%
Fxstreet
Thu, May 7
United States Continuing Jobless Claims below forecasts (1.8M) in April 24: Actual (1.766M)
United States Continuing Jobless Claims below forecasts (1.8M) in April 24: Actual (1.766M)
Fxstreet
Thu, May 7
United States Initial Jobless Claims 4-week average fell from previous 207.5K to 203.25K in May 1
United States Initial Jobless Claims 4-week average fell from previous 207.5K to 203.25K in May 1
Fxstreet
Thu, May 7
United States Initial Jobless Claims registered at 200K, below expectations (205K) in May 1
United States Initial Jobless Claims registered at 200K, below expectations (205K) in May 1
Fxstreet
Thu, May 7
EUR/PLN: Drifts lower as NBP on hold – Societe Generale
Societe Generale analysts note that the National Bank of Poland (NBP) kept its policy rate at 3.75% and markets expect no further changes through 2026. Governor Glapinski’s press conference is expected to be uneventful unless he sounds very hawkish.
EUR/PLN
Fxstreet
Thu, May 7
Mexico Headline Inflation below forecasts (0.25%) in April: Actual (0.2%)
Mexico Headline Inflation below forecasts (0.25%) in April: Actual (0.2%)
Fxstreet
Thu, May 7
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