April US 1-year consumer inflation expectations hit 4.7%, slightly below the 4.8% forecast, easing price concerns.
Michigan Consumer Expectations Index beat forecasts in April, rising to 48.1 versus the expected 46.1.
U.S. UoM five-year consumer inflation expectations rose to 3.5% in April, topping forecasts of 3.4%.
Analysts expect Bank of Canada to hold rates at 2.25%, citing soft core inflation and weaker growth.
Reuters poll: economists overwhelmingly expect ECB to hold 2% in April, with some anticipating June hike.
Commerzbank expects Fed to hold 3.50%–3.75% amid persistent inflation, oil-driven pressures; cuts possibly late-year, dollar weaker.
TMO weakens toward key 2020 uptrend near $420; wait for confirmed daily stabilization before long entry.
Silver traded flat near $75.52, pressured by stronger dollar and yields; bearish below $78-$79 resistance.
USD/CAD dipped after testing 1.37; bearish trend persists, resistance near 1.37, support 1.3625, breakout above 1.3750.
Strait of Hormuz closure risks surging oil, fertiliser and fuel costs, raising food prices and US inflation.
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