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28

May 2026
TD Securities brings forward July RBNZ rate hike call, still expects four 25bp moves

TD Securities now expects the RBNZ to hike in July, projecting four 25bp moves, capped near 3.50%.

28

May 2026
USD/JPY nears 160 as yield spreads widen, with Japan intervention risk back in focus

USD/JPY nears 160 as yield gaps widen; intervention risk rises; options hedge costs fall; BOJ hike priced.

27

May 2026
Russia’s April industrial output beats forecasts, underpinning rouble carry appeal and steady commodity supply

Russia’s April industrial output rose 1.9%, beating forecasts, supporting ruble strength, steady commodities, and subdued equity volatility.

27

May 2026
New Zealand Dollar Holds Gains After Hawkish RBNZ Pause, But US Strength Keeps NZD/USD Range-bound

NZD gains on hawkish RBNZ hold; split vote supports Kiwi, but US strength keeps NZD/USD 0.5800-0.6000.

27

May 2026
Hungary’s MNB Holds at 6.25% as Forint Strength Bolsters Odds of Rate Cuts

MNB holds 6.25% amid inflation risks; strong forint and easing inflation open door to rate cuts.

27

May 2026
Yen Slides as Dollar Nears 160, Tokyo CPI and US PCE in Spotlight

Yen weakens as USD/JPY nears 160; BoJ hike hopes fade amid US yields, intervention risk, data.

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