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XRP tests $2 as investors flee riskier assets

On April 2, the cryptocurrency market took a sharp downturn following comments from US President Donald Trump on new tariffs to be enacted. Liquidations across multiple exchanges exceeded $500 million, with XRP also feeling the impact.

3 April 2025
XRP tests $2 as investors flee riskier assets
UK companies are closing more often as taxes and wage costs rise

More than 3,700 firms in the UK filed for bankruptcy over the past month, according to The Gazette, which publishes announcements of business closures across the country. This is 32% higher than the figures for the same period last year.

3 April 2025
UK companies are closing more often as taxes and wage costs rise
RBA: Australia's financial system is well-positioned to withstand US tariff impact

US President Donald Trump's trade policies and retaliatory measures from other nations could dampen investment in Australian businesses and household consumption. Nevertheless, the RBA expressed confidence in the domestic financial system's capacity to weather these challenges.

3 April 2025
RBA: Australia's financial system is well-positioned to withstand US tariff impact
United Kingdom. Composite PMI. The value of the indicator has decreased from 52 to 51.5

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

3 April 2025
Japan to hit 2% inflation target in near term — IMF

Japan is showing promising signs of nearing its central bank's 2% inflation target, International Monetary Fund (IMF) officials report. With strong domestic demand and continued foreign investment, GDP growth is projected to hold steady at 0.5% in the short term.

3 April 2025
Japan to hit 2% inflation target in near term — IMF
Copper tumbles as industrial demand outlook darkens

Industrial metal prices, including copper, declined amid concerns that US President Donald Trump’s new tariffs could dampen demand for industrial commodities, Bloomberg reports.

3 April 2025
Copper tumbles as industrial demand outlook darkens
Australia. Trade Balance. The value of the indicator has decreased from 5.156B to 2.968B

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

3 April 2025
United States. Gasoline Production. The value of the indicator has increased from -0.401M to 0.062M

An increase of the indicator value may contribute to the rise in quotes of Gasoline.

2 April 2025
United States. Gasoline Inventories. The value of the indicator has decreased from -1.446M to -1.551M

A decrease of the indicator value may contribute to the rise in quotes of Gasoline.

2 April 2025
United States. Heating Oil Stockpiles. The value of the indicator has increased from -0.035M to 0.209M

An increase of the indicator value may contribute to the fall in quotes of Heating Oil.

2 April 2025