Australia GDP Beats Forecast, Boosting RBA Rate Hike Bets 
Trump Threatens EU Tariffs Over Canada Membership Proposal 
Bessent Presses Japan on Fiscal Policy as Yen Struggles 
Yen Sinks as BOJ Rate Hike Fails to Impress Markets 
ECB Rate Hike in Focus as Oil Tops $100 
Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike 
Oil Prices Fall as Saudi Supply Concerns Ease 
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build 
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Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Consumer price inflation rose by 1.2 percent y/y in April. Producer price inflation is up 6.4 percent.
Upcoming:
- Japan: Coincident index and leading economic index will be updated at 5:00 GMT.
- France: Trade balance for March will be reported at 6:45 GMT, along with Industrial output data and current account balance.
- Italy: Italy will release March Industrial output report at 8:00 GMT.
- Greece: Industrial production report for March will be reported at 9:00 GMT, along with consumer price inflation report.
- Portugal: March trade balance report will be released at 10:00 GMT, along with first quarter unemployment report.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by terms of trade for April. EIA will release weekly crude oil inventory report at 14:30 GMT. Fed’s Rosengren is scheduled to speak at 16:00 GMT. April budget details will be reported at 18:00 GMT.
- New Zealand: RBNZ will announce interest rate decision at 21:00 GMT.
- Japan: March trade balance report will be released at 23:50 GMT.
- Auction: U.S. will auction 10-year note at 17:00 GMT.
