Daily Market Insight

• Fed holds rates steady, citing no role in rate-move timing • US ADP non-farm employment above market expectation • UK manufacturing slips back into contraction as decline in output and new orders • Dollar and stock decline after Fed left interest rates unchanged

• Eurozone economic sentiment unexpectedly fell in April • China Caixin manufacturing production expanded at most pace in almost a year • Thailand’s export dropped remarkably in eight months, more than market expected • Yen rebounds strongly after past 160 level since 1990 on possible intervention

• US March’s inflation increases moderately • Eurozone inflation expectation declined further • BOJ leaves policy unchanged despite the currency continued weakness • Dollar drifts lower amid PCE data released

• Imports hold back US economy in first quarter, inflation flares up • US weekly jobless claims unexpectedly fall • Tokyo CPI inflation slides below 2% in April as BOJ meeting approaches • Dollar sags after mixed US growth and inflation report, except against yen

• US new home sales rebound to six-month high; rising mortgage rates a concern • South Korea Q1 GDP growth smashes estimates, but outlook's uncertain • Thailand's $13.5 billion handout aims to boost overall economy, not geared to poor • Dollar to remain FX king until US 'economic exceptionalism' cools

• US business activity cools in April; inflation measures mixed • Euro zone business in services-led bounce in April, PMI survey shows • Japan's corporate service inflation perks up in March • Dollar calm ahead of week's key data; euro gains after PMI release

• Fed survey cites inflation, US election as key financial stability risks • Japan's March core inflation slows, weak yen complicates BOJ move • China leaves benchmark lending rates unchanged, in line with expectations • Dollar hands back gains after Israeli strike; weekly gains likely

• Fed survey cites inflation, US election as key financial stability risks • Japan's March core inflation slows, weak yen complicates BOJ move • China leaves benchmark lending rates unchanged, in line with expectations • Dollar hands back gains after Israeli strike; weekly gains likely

• US labor market stays resilient; housing regresses on higher mortgage rates • Japan's March core inflation slows, weak yen complicates BOJ move • BOJ's Ueda signals possible rate hike if weak yen boosts inflation • US dollar gains after strong data, Fed comments on rate cuts

• US economic activity expanded slightly in recent weeks • Confirmed euro zone inflation fall bolsters ECB's June rate cut plan • Japan firms business mood slips as weak yen squeezes households • US dollar weakens as market consolidates gains, but uptrend intact