New Zealand Posts Surprise Trade Surplus

New Zealand's trade balance beats forecast at $1.92 billion New Zealand's trade balance came in at $1.92 billion in April, more than double the forecast. This was driven by a rise in exports to $8.62 billion, up from $7.94 billion in March. Exports increased while i

Pound Rises Despite Disinflation

GBP/USD rises to 1.3450 after UK inflation cools The pound sterling rallied despite UK inflation cooling faster than expected. Headline Consumer Price Index for April slipped to 2.8% YoY. The Bank of England governor sounded dovish in an afternoon speech, which norm

Yen Firms Despite Lack of BoJ Action

Japanese Yen ends Wednesday firmer due to US Dollar pullback The Japanese Yen ended Wednesday's session on a firmer note, driven by a broad US Dollar pullback. This pullback was fueled by easing Middle East tensions, softer Treasury yields, and a risk-on bid. The Ye