AUD/USD slips down through 55 day MA

SK Hynix hits $1T valuation on AI chip demand; KRX halts trading amid rally.

Australian April CPI: Headline 4.2% (expected 4.4%, prior 4.6%) The core rate is still very solid, underlying at 3.4% (expected 3.4%, prior 3.3%) AUD down, headline and m/m core lower than expected.

China data, YTD (January - April) Industrial profits +18.2% y/y (prior +15.5%)

PBOC sets USD/ CNY mid-point today at 6.8291 (vs. estimate at 6.7883)

S&P 500, Nasdaq hit records on AI buzz. Micron joins $1T club. 5 AI stocks show buy signals.

The RBNZ is expected to hold its OCR at 2.25% at today's Monetary Policy Statement but deliver a hawkish forecast update, with the terminal rate seen rising to around 3.2% as Iran war energy costs threaten to push inflation above 4%.

Oil falls in early Asian trade on hopes for a US-Iran deal to reopen the Strait of Hormuz, though options data shows unusually low investor conviction and a 37% implied chance of oil above $100 in three months.