Other news

Japan's Ministry of Internal Affairs and Communications reported a slowdown in the pace of consumer price growth. However, economists had forecast a more pronounced deceleration. Bloomberg notes that a slower pace of inflation easing could undermine forecasts of rate cuts by the Bank of Japan.

Ripple CEO Brad Garlinghouse expresses optimism regarding XRP's future. He believes the cryptocurrency could be included in the US Crypto Strategic Reserve, following President Donald Trump's executive order.

Indian conglomerate JSW Group will invest 120 billion rupees (1.39 billion dollars) to set up a 500,000 ton capacity copper smelter in Odisha state by 2028–2029. To supply production, the company is going to buy concentrate from Peru and Chile, Reuters states.

Bank of Canada Governor Tiff Macklem expressed the need to reconsider monetary policy due to US tariff uncertainties. He said the regulator has to be less forward-looking and more flexible until the situation is clearer.

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

No change of the indicator value may reduce the volatility of the related markets.

Analysts at investment bank Macquarie shared their expectations of the potential growth of cryptocurrency assets amid a slowdown in the US economy. Macquarie believes central banks’ actions and monetary policy will lead to the growth of the crypto market in the future.

Major mining companies, including India's Vedanta and China's Zijin Mining Group, have been granted exploration licenses in Saudi Arabia. The companies were awarded sites covering 4,788 square kilometers, which include the Jabal Sayid copper deposit, according to Bloomberg.

According to Bloomberg, options traders expect more interest rate cuts to be delivered by the Bank of England (BoE) than the markets forecast. Their positions assume there might be three moves by the BoE to cut borrowing costs this year, each by a quarter of a point.

The UK recorded the highest wage rise in the last nine months, along with employment growth, Bloomberg reports. This suggests resilient labor demand, which may prompt the Bank of England to take a cautious stance on the future path of interest rates.