Brazil S&P Global Manufacturing PMI rose from previous 49 to 52.6 in April

May 4, 2026

BoC: Policy on extended hold – TD Securities

TD Securities’ Robert Both and Emma Lawrence expect the Bank of Canada (BoC) to keep the Overnight Rate at 2.25% through 2026, before lifting it back to a 2.75% neutral level in early 2027.

EUR/USD: Dollar seen weakening versus Euro – BNP Paribas

BNP Paribas economists expect the United States (US) economy to grow above potential in 2026, with Gross Domestic Product (GDP) at 2.4% and inflation at 3.3%, while the Fed Funds target range is seen steady at 3.5%-3.75%.