Makro Haberleri

ING’s Peter Virovacz notes that Hungary’s inflation accelerated in April but remained a positive surprise versus expectations, with headline Consumer Price Index (CPI) at 2.1% year-on-year and 0.4% month-on-month.

DBS Group Research economist Radhika Rao assesses how a projected below normal monsoon in India, linked to a strong El Niño, could affect growth and inflation.

Wells Fargo Economics expects April U.S. CPI to firm, with headline inflation rising toward 3.8% year-over-year and core near 2.9%.

EUR/USD edges higher during the North American session amid heightened tensions in the Middle East, even though a solid US jobs report might prevent the Fed from cutting rates in the first half of the year. The pair trades at 1.1775, up 0.44%.