USD 
EUR 
AUD 
NZD
The US dollar's been on a tear lately, and Thursday was no exception. We saw retail sales come in pretty strong, which was pretty wild considering all the talk about a potential slowdown. And honestly, it's no surprise the greenback's been getting a boost from all this. If you were watching AUD/USD, you'd have noticed it weaken toward the 0.7220 region, which isn't exactly what the Aussie bulls were hoping for.
But what's really interesting here is that the Fed's been sounding the alarm on inflation, with President of the Federal Reserve Bank of Kansas City, Jeffrey Schmid, saying continued inflation is the most pressing risk to the economy. And UOB's Senior Economist Alvin Liew pointed out that US inflation pressures have broadened beyond energy, which is a big deal. FXStreet Forex noted that the AUD/USD pair's weakness is largely due to the US dollar's strength after April Retail Sales held up in the United States. Meanwhile, the Euro/Yen's been stuck in neutral, closing at 184.7844, which is basically unchanged. The New Zealand Dollar/US Dollar's also been flat, closing at 0.5925.
And let's not forget the other economic events that went down on Thursday. We had Retail Sales Ex Gas/Autos, Retail Sales, and Retail Sales Ex Autos all coming in at 12:30pm, which had a medium impact on the markets. According to ForexLive, the BOE's Pill is speaking out about the need to focus on attacking those second-round effects on inflation, which is a pretty big deal. BabyPips also reported that the UK economy grew 0.6% in Q1 2026, matching forecasts, but analysts are warning that the best may already be behind it. The Australian Dollar/US Dollar's been stuck at 0.7231, and the Australian Dollar/New Zealand Dollar's at 1.2206, both of which are unchanged.
As we head into the next trading day, it's going to be interesting to see how the markets react to all this. Will the US dollar keep on trucking, or will we see some profit-taking? And what's going to happen with the Aussie and the Kiwi? One thing's for sure, it's gonna be a wild ride.
Dollar Dominates Trading
But what's really interesting here is that the Fed's been sounding the alarm on inflation, with President of the Federal Reserve Bank of Kansas City, Jeffrey Schmid, saying continued inflation is the most pressing risk to the economy. And UOB's Senior Economist Alvin Liew pointed out that US inflation pressures have broadened beyond energy, which is a big deal. FXStreet Forex noted that the AUD/USD pair's weakness is largely due to the US dollar's strength after April Retail Sales held up in the United States. Meanwhile, the Euro/Yen's been stuck in neutral, closing at 184.7844, which is basically unchanged. The New Zealand Dollar/US Dollar's also been flat, closing at 0.5925.
And let's not forget the other economic events that went down on Thursday. We had Retail Sales Ex Gas/Autos, Retail Sales, and Retail Sales Ex Autos all coming in at 12:30pm, which had a medium impact on the markets. According to ForexLive, the BOE's Pill is speaking out about the need to focus on attacking those second-round effects on inflation, which is a pretty big deal. BabyPips also reported that the UK economy grew 0.6% in Q1 2026, matching forecasts, but analysts are warning that the best may already be behind it. The Australian Dollar/US Dollar's been stuck at 0.7231, and the Australian Dollar/New Zealand Dollar's at 1.2206, both of which are unchanged.
As we head into the next trading day, it's going to be interesting to see how the markets react to all this. Will the US dollar keep on trucking, or will we see some profit-taking? And what's going to happen with the Aussie and the Kiwi? One thing's for sure, it's gonna be a wild ride.