US producer inflation jumps to 6% in April, beating forecasts; core PPI also surges, lifting dollar.
TD Securities sees Australia’s 2026/27 Budget mildly stimulatory; upbeat Treasury forecasts may force further RBA tightening.
Germany’s non-seasonally adjusted current account balance increased to €23.6bn in March from €22bn, rising €1.6bn.
U.S. Producer Price Index rose 6% year-on-year in April, beating 4.9% forecast by 1.1 points.
U.S. core Producer Price Index climbed 5.2% year-on-year in April, beating expectations of 4.3% forecast.
US producer prices jumped 1.4% in April, far above the 0.5% forecast, overshooting estimates by 0.9 points.
EUR/USD rose above 1.1700 as strong US CPI boosted dollar; traders awaited PPI and Trump–Xi talks.
Rising inflation and energy prices complicate early Fed rate cuts, supporting dollar as Hormuz risks persist.
Commerzbank warns stubborn inflation, higher energy prices may delay Warsh’s Fed rate cuts, supporting a stronger dollar.
GBP/USD slid near 1.3500 as firm dollar, hotter US CPI and Fed hike odds weighed; UK GDP awaited.
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