Forex news from the European trading session – 5 May 2021
Headlines:
Markets:
– NZD leads, CHF lags on the day
– European equities higher; S&P 500 futures up 0.4%

Latest data from the Mortgage Bankers Association for the week ending 30 April 2021
–  -2.5%
– Market index 700.4 vs 706.6 prior
– Refinancing index 3,188.7 vs 3,185.3 prior
The drop in mortgage applications in the past week stems from a decline in purchase activity once again, which has been keeping more subdued in recent months amid the jump

The greenback eases slightly across the board
EUR/USD has pared its earlier losses from 1.1990 to 1.2015 while GBP/USD has also bounced off lows of 1.3876 to 1.3925 currently as the dollar eases a little.

Remarks by UK prime minister, Boris Johnson
Adding that a second Scottish independence is „reckless“.
The UK local elections takes place tomorrow and while the Tories will have no issues on the political front, a lot of eyes will be on whether or not the SNP can garner a majority in Scotland and push forward with a

Remarks by NY Fed president, John Williams, to the Wall St Journal
In short, he is mainly reaffirming that the Fed put is still in play and that they don’t see anything wrong with leaving the punch bowl as it is now.