Other news

Cargo traffic at UK ports increased in April, according to Capital Economics, Europe’s largest macroeconomic consultancy. More than 400 commercial ships called at major British ports each week this month, according to the ONS.

At Paris Blockchain Week, Ripple announced it is cooperating with French banks on creating infrastructure for the digital euro.

Japan’s Finance Minister, Katsunobu Kato, denied Donald Trump’s accusations that Japan was deliberately devaluing its currency to give its exporters an edge.

HashKey Capital has introduced Asia's first XRP-focused investment fund, streamlining access for traders to the rapidly evolving crypto market, according to Coinotag experts.

Bloomberg Economics’ model shows that lower energy costs and the dollar falling in response to the US president's trade policies could curb inflation by 0.4%. Its rate will hit 3.3% in the third quarter before subsiding.

Reuters reports that Japan’s inflation accelerated in March. The core consumer price index, which excludes fresh food but includes energy costs, increased 3.2% from a year earlier. This figure matched forecasts and showed an increase from 3% in February.

A decrease of the indicator value may contribute to the fall in quotes of JPY.

The Bank of Japan (BOJ) will refrain from raising interest rates, as it assesses the uncertainty triggered by new US tariff policies.

Despite unprecedented developments in the crypto industry in the first quarter of 2025, the crypto market finished it in the negative territory, according to a review published by crypto asset management company Bitwise on April 16.

While assessing the implications of US trade policies, the Bank of Canada (BoC) has prepared two forward-looking scenarios. According to the negative scenario of keeping large-scale tariffs, the economy will face a severe recession for about a year.