TRENDING:

XAU/USD

EUR/USD

Swedish Inflation – May Flash CPI

Danske Research Team Danske Bank A/S

Inflation in May was higher than expected, with core inflation at 0.54% compared to the forecasted 0.22% year-over-year. Higher core pushed up CPIF to 1.53% compared to the forecast of 1.28% (see table to the right). The surprise mainly came from services inflation; the flash is very limited in details, but recreation seems to be higher than normal in May, rising 3.9% month-over-month (see chart below). From 1 May, the tax on fuel was reduced by SEK 1 per litre, which is partly restraining the increase in energy prices. All tax effects combined are reducing CPIF by over 1 percentage point and will push CPIF-CT over 2.5% when the final figures are released next week. The upside surprise in core inflation is unlikely to alter the view for the Riksbank staying on hold in June, but it adds to expectations for a rate hike later this year; we forecast two 25bp hikes in September and December, respectively.

Download The Full Sweden: Inflation forecast

Author

Danske Research Team

Danske Bank A/S

Research is part of Danske Bank Markets and operate as Danske Bank's research department. The department monitors financial markets and economic trends of relevance to Danske Bank Markets and its clients.

AUD/USD eyes 0.7150 barrier nine-day EMA

AUD/USD inches higher after registering modest losses in the previous day, trading around 0.7130 during the Asian hours. The technical analysis of the daily chart indicates that the pair is moving sideways within the rectangle pattern, suggesting a consolidation as neither the bulls nor the bears have enough momentum to take control of the market.

USD/JPY trades below 160.00 intervention threshold; bullish bias intact

The USD/JPY pair attracts some sellers during the Asian session amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, the Israel-Lebanon truce prompts some profit-taking around the US Dollar and exerts downward pressure on the currency pair.

Gold defends 200-day SMA, rises toward $4,500

Gold is attempting a tepid recovery toward $4,500 on Thursday, as renewed optimism in the Mideast geopolitical front calms market nerves. This cautious optimism across Asian markets weighs on Oil prices, and diminishes the US Dollar’s safe-haven appeal, helping Gold stage a decent comeback from the weekly low of $4,424.

Hyperliquid: ETF demand, capital rotation fuel HYPE rally as Bitcoin melts

Hyperliquid price sustains an upward trend near its all-time high of $75.76 on Thursday after posting 80% gains in May, while Bitcoin (BTC) retraces below $65,000, triggering a market-wide panic.

Kevin Warsh takes the Fed helm: What it means for the US Dollar

The Federal Reserve moves away from the highly predictable "forward guidance" model of the Jerome Powell era to a new “Kevin Warsh environment”, characterized by less communication, more policy surprises, and an increased focus on the Fed's complex balance sheet.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.

Swedish Inflation – May Flash CPI

Editor's Picks