The USD still looks firmly supported. Geopolitical uncertainty, resilient US growth, stronger productivity, rising inflation expectations, and ongoing AI optimism continue to keep the dollar underpinned.
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Week Ahead: 25β29 May
Key market movers: NZD rate decision, AUD CPI, US PCE/GDP/jobless claims, and CAD GDP. Month-end rebalancing may add volatility across major FX pairs.
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Week Ahead: 18β22 May
The dollar starts the week strong after hotter CPI/PPI data, while EUR and GBP remain under pressure.
Key events:
Tue: UK Jobs | CAD CPI
Wed: UK CPI | FOMC Minutes
Thu: EU, UK & US PMIs
#Forex#USD#EUR#GBP#Markets
U.S.βIran escalation has crude surging, feeding hotter CPI and flipping the Fed from cuts to hikes. Rate differentials favour the greenback against soft EUR and pressured GBP. Further escalation means stronger USD.
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Week Ahead: 04 May - 08 May 2026
US data in focus: cooling = USD β, sticky = USD β
Tue: Reserve Bank of Australia 4.35% (hawkish), ISM prices-paid
WedβThu: ADP, claims
Fri: NFP (key)
Last: 178K | 4.3% | 0.2%
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Week Ahead | Apr 27βMay 1
Tue: BoJ
Wed: AU CPI, BoC, Fed
Thu: BoE, US & CA GDP
Rates likely unchanged, but surprises may move markets.
Geopolitics in focus, Iran developments driving price action.
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3 CPI prints, 3 central banks in focus.
Canada CPI key as BoC hike pricing looks stretched.
NZ CPI vs CA drives NZD/CAD.
UK CPI tests BoE hike expectations.
PMIs on Thu for inflation signals.
Mon: CA CPI
Tue: NZ CPI, UK Jobs, US Retail
Wed: UK CPI
Thu: PMIs
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If a deal is reached, expect risk-on flows into EUR and GBP as sentiment improves.
Gold remains supported with strong demand from China and central banks.
Dips may attract buyers.
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