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ECB’s Makhlouf: Will pay attention to indirect effects of higher energy prices
European Central Bank (ECB) governing council member and Governor of the Central Bank of Ireland, Gabriel Makhlouf, said in his blog on the Irish central bank's website on Friday that he will be vigilant to the indirect effects of higher energy prices on production, transportation, and services, R
Fxstreet
Fri, May 1
Bank of England: Active hold with June risks – Rabobank
Rabobank’s RaboResearch notes the Bank of England kept rates unchanged while striking an “alert but careful” tone, with Governor Bailey describing an “active hold” that balances persistent inflation risks against softer activity and employment.Fxstreet
Fri, May 1
ECB’s Nagel: The baseline scenario already entails a more restrictive monetary policy
European Central Bank (ECB) Governing Council member and President of the Deutsche Bundesbank, Joachim Nagel, said during the European trading session on Friday that the baseline scenario already entails a more restrictive monetary policy.Fxstreet
Fri, May 1
EUR/CAD falls toward 1.5900 as risk aversion weighs on Euro
EUR/CAD extends its losses for the third consecutive day, trading around 1.5920 during the Asian hours on Friday. The currency cross loses ground as the Euro (EUR) struggles amid increased risk aversion, which could be attributed to the geopolitical concerns in the Middle East.Fxstreet
Fri, May 1
Asian shares gain with most markets closed for Labor Day
Asian stocks advance in holiday-thinned trading on Friday, following record closes on Wall Street the previous day. However, traders remain cautious amid ongoing US–Iran tensions. Trading activity stayed muted, with key markets in China, Hong Kong, and Singapore shut for the Labor Day holiday.Fxstreet
Fri, May 1
EUR/JPY remains stronger near 184.50 following Tokyo inflation data
EUR/JPY gains ground after registering 1.88% losses in the previous day, trading around 184.40 during the Asian hours on Friday. The currency cross advances as the Japanese Yen (JPY) weakens following mixed Tokyo inflation data.
Fxstreet
Fri, May 1
US Dollar Index posts modest gains above 98.00 on hawkish Fed pause despite weaker US GDP
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.15 during the Asian trading hours on Friday. The DXY posts modest gains on a hawkish hold from the US Federal Reserve (Fed).
Fxstreet
Fri, May 1
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