Market Movers
NZD weakens on all fronts
The New Zealand dollar (NZD) fell on all fronts on Friday. NZD/USD is down 1.4% and NZD/JPY dropped 1.2%, while GBP/NZD is up 1.3%.
Inflation levels update
The annual inflation rate in India dropped from 5.6% in March to 4.7% in April. Brazil’s inflation fell from 4.6% to 4.1%. However, inflation in Spain accelerated from 3.3% to 4.1%, and France’s inflation jumped from 5.7% to 5.9%.
Mark Cuban praises AI
The potential of AI, according to Mark Cuban, is “beyond anything I’ve ever seen,” and he compared ChatGPT to the early days of the internet. Cuban has a straightforward piece of advice for businesses: join the AI race or perish. Cuban stated, “There are two types of companies in the world: those who are great at AI and everyone else.”

These 5 countries avoided high inflation (at least for now)
Poland surprisingly does not raise its interest rates
UN calls on central banks to halt interest rate hikes
Weekly macro report – Inflation-linked bonds are attractive
Inflation in Europe is skyrocketing as ECB fell asleep
Weekly macro report – It’s time to be a contrarian (S&P 500)
Did MIT invent a new type of cheap battery?
ECB works with 5 companies to create digital euro
How are central banks behaving now?
