Australia's central bank officials remain cautious about future interest rate cuts. According to the minutes of the regulator's April meeting, cited by Bloomberg, the “appropriate time” for policy review will be May.
Australia's central bank officials remain cautious about future interest rate cuts. According to the minutes of the regulator's April meeting, cited by Bloomberg, the “appropriate time” for policy review will be May.
No change of the indicator value may reduce the volatility of the related markets.
The Canadian dollar slipped from a five-month high against the greenback as oil prices dropped and investors braced for the Bank of Canada (BoC) interest rate decision later this week, Reuters reports.
Economists polled by Reuters expect the Bank of Canada to cut interest rates twice before the end of the third quarter. However, TD Securities chief strategist Andrew Kelvin believes the central bank will keep borrowing costs at 2.75% in April, awaiting clearer data on the impact of trade tariffs.
Barclays has revised its UK GDP growth forecast in the first quarter (Q1) up to 0.7%, following the release of optimistic economic data for February. The increase was caused by a significant rise in US export volumes by companies attempting to avoid future duties.
According to a recent Deloitte’s survey conducted March 18–31, major UK companies adopted a defensive stance ahead of US President Donald Trump’s April 2 tariff announcement. They focused on boosting cash flow, cutting costs, and reducing borrowing.
Solana is outperforming Ethereum in April. SOL has risen 3.45%, while ETH has lost 14.37%. The difference highlights increasing investor interest in alternative blockchains with lower transaction costs and higher performance.
Goldman Sachs economists suggest that the Bank of Japan may reconsider its plans to raise interest rates if the national currency strengthens to 130 yen per dollar. Experts note that this could hurt exporters' profits and slow wage growth.
Institutional investors are turning more optimistic about the yen as US import tariffs fuel demand for the Japanese currency, according to Bloomberg.
Copper rose 0.2% after US President Donald Trump reportedly granted exemptions to his tariffs on some goods. As noted by Bloomberg, this has helped to improve sentiment across financial markets.
