Mexico’s core inflation rises slightly; strong US dollar impacts forex, gold; XRP gains amid crypto optimism.
Unit labour costs rose 5.7% while productivity fell 0.8%, signaling potential inflationary pressures ahead.
Mexico’s annual inflation hit 3.93% in April, slightly surpassing expectations and reflecting regional economic trends.
Market focus shifts to jobless claims, Q1 productivity, and wholesale inventories amid rising metal imports.
Mexico’s inflation slightly surpassed forecasts; US dollar strength impacted currencies, gold declined, while XRP gained momentum.
EU seeks balanced trade solution with US, considers export restrictions, and plans WTO dispute over tariffs.
GBP/JPY rises near 193.00 as BoE cuts rates; Pound strengthens despite divided policy outlook.
Canadian Dollar dips 0.3% amid strong USD, widened yield spread, trades near 1.39 fair value range.
Trump called Fed Chair Powell a “fool”, claiming inflation is low despite Powell’s continued leadership until 2026.
GBP/USD erased earlier gains amid policy divergence and US Dollar strength, trading below key 1.3300 support.
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