Gold rebounds as dollar eases, while Hormuz tensions and higher oil fuel inflation and keep rates elevated.
U.S. 4-week Treasury bill auction cleared unchanged, with yield holding steady at 3.595% versus previous sale.
EUR/USD rebounded as dollar softened despite upbeat US PMIs; Hormuz tensions lifted oil, inflation concerns, central-bank divergence.
Commerzbank warns Turkey held rates, used FX interventions, as inflation rises, reserves fall, lira depreciation accelerates.
Kansas Fed manufacturing activity eased in April, with index slipping to 10 from 11, signaling slower expansion.
Nomura sees ECB holding 2.00% until 2027, unless oil stays above $95, triggering hikes.
GBP dipped versus USD but outperformed G10 peers as UK PMIs beat forecasts, boosting BoE tightening expectations.
NZD/USD slipped to 0.5875 as Middle East tensions lifted the US Dollar; New Zealand inflation limited losses.
EIA reports 103 bcf natural gas storage build for week ending April 17, exceeding 96 bcf forecast.
Societe Generale sees USD/BRL bearish; break below range targets 4.90, then 4.86 and 4.84.
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