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Live Updates

7

May 2026
BoJ minutes show split over faster rate rises as oil-driven inflation risks keep yen in focus

BoJ minutes show split views; many back 0.75% amid oil risks, urging gradual hikes or faster.

7

May 2026
BoJ Liquidity Withdrawal Surprises as Monetary Base Shrinks, Rekindling Yen Strength and Nikkei Risks

Japan’s monetary base fell 11.3% year-on-year in April, missing forecasts for a 10.5% decline.

7

May 2026
WTI slides as Iran weighs US proposal to reopen Hormuz and ease port blockade

Iran weighs US peace proposal; Strait of Hormuz reopening and port blockade easing discussed, with nuclear talks pending.

7

May 2026
RBNZ’s Breman flags elevated inflation as NZD gains, reinforcing outlook for higher OCR

RBNZ Governor Breman expects slightly higher near-term inflation, slower growth, flat house prices, resilient banks; NZD rises.

7

May 2026
Gold steadies near $5,150 as Middle East tensions and Fed hawkishness drive volatility bids

Gold hits one-week high near $4,700 as US-Iran peace hopes ease inflation; markets await US jobs report.

7

May 2026
Sterling rises on firmer UK PMIs as traders weigh US jobs strength and shifting geopolitics

GBP/USD gained 0.4% to 1.3595 as UK PMIs beat forecasts; geopolitics and US jobs data awaited.

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