Market News

ING economists expect National Bank of Poland (NBP) rates to stay unchanged after April’s decision to hold the reference rate at 3.75%.

GBP/JPY edges higher on Friday, extending gains for a fifth straight day as the Japanese Yen (JPY) remains on the defensive against most of the major peers. Elevated Oil prices continue to weigh on the Yen, given Japan’s status as a major net importer.

Danske Research Team underlines that Sunday’s Hungarian election could be crucial for European Union politics.

Annual inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), climbed to 3.3% in March, the US Bureau of Labor Statistics (BLS) reported on Friday. This print followed 2.4% in February and came in line with market expectations.

Statistics Canada reported on Friday that the Unemployment Rate held steady at 6.7% in March, coming short of what markets were expecting.

Commerzbank’s Michael Pfister and Norman Liebke note that Mexico’s latest inflation data and Banxico minutes support a dovish stance.

United States Consumer Price Index Core s.a up to 334.165 in March from previous 333.51

Germany Current Account n.s.a. rose from previous €17.1B to €22B in February

United States Consumer Price Index ex Food & Energy (MoM) came in at 0.2%, below expectations (0.3%) in March

United States Consumer Price Index (MoM) meets expectations (0.9%) in March

United States Consumer Price Index ex Food & Energy (YoY) registered at 2.6%, below expectations (2.7%) in March

United States Consumer Price Index n.s.a (MoM) below forecasts (330.41) in March: Actual (330.21)