Australia’s budget measures, including fuel excise relief and tax cuts, helped stabilize the AUD after April CPI data weighed on sentiment. AUD/USD erased early losses on Tuesday, closing nearly flat after Treasurer Jim Chalmers unveiled a budget targeting oil shock fallou
New Zealand’s two-year inflation expectations gauge may signal entrenched price pressures, influencing central bank policy decisions. The Reserve Bank of New Zealand’s quarterly Survey of Inflation Expectations on May 13, 2026, will be closely watched for signs of shifting
US Dollar Index rallies to 98.30 region The US Dollar Index rose toward the 98.30 region on Tuesday, driven by hotter-than-expected US inflation data. The latest US Consumer Price Index report showed headline inflation accelerated to 3.8% YoY in April. The
Post-rate cut gains in GST collections remain limited to motor vehicles and select sectors, signaling subdued broader consumption. India’s Goods and Services Tax (GST) collections show limited growth despite rate cuts in September 2025, with demand uplift concentrated in m
April's federal surplus fell short of forecasts, declining 16.7% year-over-year as receipts dropped and outlays rose. The US government posted a $215 billion budget surplus in April, below the $220 billion estimate and down from $258 billion a year earlier. The decline ref
The British pound falls sharply against the dollar after breaking key technical levels, marking the largest decline among major currency pairs. The GBPUSD pair declined 0.65% on the day, leading losses among major currencies as sellers regained control amid a stronger US d
US Dollar outlook remains balanced as strong labor data and equity performance offset potential downside risks from geopolitical developments. TD Securities maintains a neutral short-term view on the US Dollar following the April US Consumer Price Index release. The firm c
Both currency pairs fell through 100-hour moving averages but recovered near 200-hour support, signaling short-term indecision. The AUDUSD slipped below its 100-hour moving average at 0.72353 during Asia-Pacific trading, marking a modest shift in short-term bias. Sellers i
USD/JPY trades around 157.65 on Tuesday at the time of writing, up 0.30% on the day. The pair benefits from renewed strength in the US Dollar (USD) after stronger-than-expected inflation data from the United States (US), while the Japanese Yen (JPY) limits gains amid persi
EUR/JPY declines 0.18% to 184.93 after US Treasury Secretary comments on curbing excess currency volatility. EUR/JPY fell 0.18% to 184.93 on Tuesday as the Japanese Yen strengthened following remarks from US Treasury Secretary Scott Bessent. Bessent stated that excess vola