Live Updates

    7 May 2026
    Mexico inflation undershoots forecasts, fuelling Banxico rate-cut bets and weighing on peso carry trades

    Mexico’s April headline inflation rose 0.2%, below the 0.25% forecast, signaling weaker-than-expected monthly price pressures.

    7 May 2026
    Sterling edges higher as dollar weakens on Iran peace hopes, with payrolls in focus

    GBP/USD rises to 1.3620 as dollar weakens on US-Iran deal hopes; markets await US payrolls data.

    7 May 2026
    Euro retreats as ECB easing signals outweigh oil-driven respite; traders hedge for further EUR/USD downside

    Euro rises near 1.1765 as oil drops, Iran-US peace hopes lift sentiment; Eurozone data beats forecasts.

    7 May 2026
    Gold slides on Iran oil shock and firm dollar, with $4,000 support eyed before late-2026 rebound

    Gold drops on Iran oil shock and stronger dollar; recovery hinges on easing tensions, inflation, Fed shifts.

    7 May 2026
    NZD/USD hits two-month high as US–Iran deal hopes and softer oil weigh on dollar

    NZD hit two-month highs as USD demand eased on US–Iran deal hopes and lower oil prices.

    7 May 2026
    Indian Rupee Recovers as Oil Slides on Hormuz Reopening Hopes; USD/INR Tests Key Support

    Rupee rebounded as oil prices fell on Strait of Hormuz reopening hopes; USD/INR slipped near 94.15.

    7 May 2026
    Silver tops $80 amid risk-on rally as yield falls lift metal towards $80.70 resistance

    Silver jumped above $80 amid weaker dollar, lower yields and oil; momentum stretched; key resistance $80.70.

    7 May 2026
    RBI weighs foreign currency bond route to bolster rupee as dollar inflows and volatility in focus

    RBI considers state-run banks issuing dollar bonds with swaps to boost inflows, support rupee, narrow deficits.

    7 May 2026
    Yen steadies as Japan flags action; USD/JPY dips amid BOJ hike talk and US jobs focus

    USD/JPY slips to 156.30 as firmer yen and intervention talk meets dovish Fed, key US jobs data.

    7 May 2026
    Dollar slips as yields fall and Fed faces inflation-jobs split, boosting options demand

    Dollar weakens as yields drop and stocks hit highs; mixed data complicates Fed cuts; oil eases.

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