Eamonn Sheridan

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Central Banks
USD South Korea won update 04 May 2026
Central Banks

South Korea's central bank ready to turn hawkish as chip boom masks inflation pressure

  • Korea's rate cut cycle is over (it has held rates steady since a cut in May 2025); the question at the May 28 meeting is how quickly the BOK moves the other way.
Central Banks
rbnz nzd gai rate hike 04 May 2026
Central Banks

RBNZ board member Gai says Hormuz shock does not warrant reflexive rate hikes

  • Wellington is telling markets to stay calm: a supply shock is not an automatic trigger for higher rates.
Commodities
oil update 04 May 2026
Commodities

US Navy to shadow Hormuz convoys but stop short of direct escorts (Avios, echoing WSJ)

  • Not escorts, not hands-off: the US Navy's Hormuz posture sits in deliberately ambiguous territory.
News
aud data update 04 May 2026
News

Australian March 2026 building approvals -10.5% m/m (prior +29.7%)

  • Lumpy data this!
News
aud rba ma5 5 rate hike 04 May 2026
News

Australia Monthly Inflation Gauge showed "Monthly inflation rose again in April"

  • Australia Melbourne Institute Inflation April 2026 +0.6% m/m (slowing from March's +1.3%)
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