The Reserve Bank of Australia (RBA) has shifted its focus from combating inflation to addressing new economic risks. RBA governor Michelle Bullock is already adjusting monetary policy in preparation for a possible interest rate reduction in light of current economic conditions.
An increase of the indicator value may contribute to the rise in quotes of CAD.
According to Standard Chartered economist Dan Pan, the Bank of Canada will maintain its key policy rate at 2.75% at the June 4 meeting rather than cutting it by 25 basis points.
On Thursday, the British pound rose to 1.348 against the US dollar. Experts believe this is due to the uncertain situation with Donald Trump’s trade policy after a court said the tariffs enacted were against the law.
Business confidence in the UK has reached a nine-month high, returning to levels last seen in May when Prime Minister Keir Starmer first took office. The Lloyds Bank Business Confidence Index rose to 50 points, marking a sharp increase from 39 points in April.
The Reserve Bank of Australia (RBA) has shifted its focus from combating inflation to addressing new economic risks. RBA governor Michelle Bullock is already adjusting monetary policy in preparation for a possible interest rate reduction in light of current economic conditions.
According to data from Japan's Ministry of Internal Affairs, the core rate of consumer price growth in Tokyo excluding fresh food amounted to 3.6% in May, accelerating from April's 3.4%. The value hit a record high since January 2023.
According to Citigroup analysts, the Kamoa-Kakula mine flooding could halt operations until at least Q4, 2025. As a result, global refined copper production may decline by 84,000–275,000 tons this year.
Retail sales in Australia unexpectedly dropped in April after three months of growth. This prompted traders to revise forecasts of interest rate cuts by the Reserve Bank of Australia this year.
A decrease of the indicator value may contribute to the fall in quotes of AUD.
An increase of the indicator value may contribute to the rise in quotes of JPY.
