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Indian Rupee: Import tariffs hike on Gold supports INR – BNY
BNY’s Bob Savage highlights that India has reversed earlier duty cuts by raising import tariffs on Gold and Silver to 15% from May 2026. The move aims to curb bullion imports, narrow the trade deficit and support the Rupee amid external pressures.
ECB’s Rehn: Monetary policy should not be based on oil prices alone
European Central Bank (ECB) official and Finnish Central Bank Governor Olli Rehn said during European trading hours on Wednesday that higher oil prices should be the only factor to direct monetary policy decisions. Rehn added that the central bank needs to assess the scope of energy shocks.
Fxstreet
Wed, May 13
Brent: Supply risks lift prices – Commerzbank
Commerzbank highlights that Brent crude surged 3.4% to around USD107.77 as supply disruptions in the Persian Gulf intensified. Satellite imagery shows Iranian exports from Kharg Island nearly halted, with tankers used as floating storage.Fxstreet
Wed, May 13
Australian Dollar: Constrained within range versus US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann see AUD/USD consolidating after a brief dip to 0.7209, with intraday trade expected between 0.7215 and 0.7255. The firm underlying tone suggests the pair could edge higher in the coming 1–3 weeks, though gains are seen limited below 0.7280.
Fxstreet
Wed, May 13
Equities: Defensive sectors outperform as chips retreat – Danske Bank
Danske Research Team notes global equities slipped modestly, with the S&P500, Nasdaq and Russell2000 all lower. Semi-conductors in the S&P500 underperformed after a strong prior run, while defensive sectors such as healthcare and staples led gains.Fxstreet
Wed, May 13
ECB's Villeroy: Central bank must be ready to intervene on second-round effects
European Central Bank (ECB) Governing Council member and Governor of the Bank of France, François Villeroy de Galhau, said on Wednesday that the central bank must be ready to intervene in the second round effects.Fxstreet
Wed, May 13
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