Trading news

The USD/CAD pair recovers some lost ground near 1.3595 during the early European trading hours on Monday. The Canadian Dollar (CAD) weakens against the US Dollar (USD) on lower crude oil prices. The US and Canadian employment data for April will be the highlights later on Friday. 

Turkey Consumer Price Index (YoY) registered at 32.37% above expectations (31.25%) in April

Turkey Consumer Price Index (MoM) registered at 4.18% above expectations (3.28%) in April

MUFG’s Michael Wan highlights that Japanese authorities likely intervened in FX markets as USD/JPY dropped from near 160 to below 157, with estimated operations of JPY5-6 trillion. He notes these efforts mirror past interventions in 2022 and 2024.

The US Dollar (USD) pares previous losses against the Japanese Yen (JPY) ahead of the European session opening on Monday. The pair is trading at the 156.80 area at the time of writing after dropping about 150 pips in a matter of minutes during the Asian session, hitting session lows near 155.70.

UOB strategists note that Brent crude has just recorded its largest monthly percentage decline since December 2025, despite briefly spiking above USD 126/bbl on renewed Strait of Hormuz concerns.

Sweden Manufacturing PMI rose from previous 56.3 to 57.2 in April

Danske Research Team reports that equities ended last week higher, led by tech and growth, even as Iran-related risks and higher Oil prices weighed on sentiment. They note a return of negative correlation between equities and bonds, with yields rising alongside stocks.

The Unified Command of the Iranian armed forces warned on Monday the US Navy not to approach or enter the Strait of Hormuz. It further stated that it will 'respond harshly’ to any threat at any level and in any part of Iran. 

Commerzbank strategists note AUD/USD held at 0.7200 on Friday and gained modestly over the week as markets price further Reserve Bank of Australia (RBA) tightening. Overnight index swaps imply a high probability of a third consecutive 25 bp hike to 4.35% and additional tightening by year-end.

Russia S&P Global Manufacturing PMI: 48.1 (April) vs previous 48.3

The GBP/USD pair gathers strength around 1.3600 during the early European session on Monday. Signals from the Bank of England (BoE) that suggest a potential shift toward higher interest rates later this year underpin the Pound Sterling (GBP) against the US Dollar (USD).

EUR/JPY holds losses after paring its daily losses, trading around 183.90 during the Asian hours on Monday. The technical analysis of the daily chart indicates the currency cross maintains a bearish near-term bias as spot holds beneath both the 50-day and nine-day Exponential Moving Averages (EMAs)

The EUR/USD pair attracts some intraday sellers following a modest Asian session uptick to mid-1.1700s and fills a major part of a bullish gap at the start of a new week.

India HSBC Manufacturing PMI came in at 54.7, below expectations (55.9) in April

Netherlands, The Nevi Manufacturing PMI climbed from previous 52 to 54.4 in April

USD/CHF depreciates after registering slight gains the previous day, trading around 0.7810 during Asian hours on Monday. The pair struggles as the US Dollar (USD) declines amid easing safe-haven demand, with traders assessing progress in US–Iran peace negotiations.

The AUD/JPY cross loses ground near 112.95 during the early European session on Monday. The Australian Dollar (AUD) softens against the Japanese Yen (JPY) as uncertainty surrounding Middle East tensions and the closure of the Strait of Hormuz boosts safe-haven assets. 

Indonesia Trade Balance increased to $3.32B in March from previous $1.28B

Indonesia Imports fell from previous 10.85% to 1.51% in March