Other news

According to Japanese lawmaker Satsuki Katayama, the country's economic indicators imply that the real value of the yen is closer to 120–130 per dollar than the current level of 150.

Shanghai copper prices trade at a premium to long-term contracts amid expectations of rising Chinese demand. As reported by Kitco News, traders are accelerating refined copper shipments to the US to capitalize on potential arbitrage opportunities ahead of anticipated American tariff measures.

The Dogecoin Foundation, a non-profit organization, announced the launch of the Dogecoin Strategic Reserve, acquiring 10 million DOGE worth $1.83 million. This initiative aims to strengthen the cryptocurrency’s liquidity and promote its use as a means of payment.

In his analysis of the current economic climate, Governor Andrew Bailey highlighted the ongoing pressures from core inflation, which hit 5% in the services sector. Drawing on this data, Bailey cautioned against making hasty decisions.

Copper prices on COMEX surged to a record $5.2 per pound on Tuesday, eclipsing the previous all-time high of $5.1 set May 20. The price rally followed Glencore's temporary suspension of copper shipments from its Altonorte smelter due to equipment failure, Bloomberg noted.

According to Bloomberg, the accuracy of official UK statistics from the Office for National Statistics (ONS) is facing renewed scrutiny. Experts interviewed by the news agency point to potential large-scale discrepancies, citing already identified shortcomings.

The US Securities and Exchange Commission (SEC) has announced its decision to hold four round tables addressing the regulation issues related to cryptocurrencies.

The consumer price index in Australia unexpectedly dropped from 2.8% to 2.4% in February, adding to arguments that the Reserve Bank (RBA) will proceed with interest rate cuts in the coming months, Bloomberg reports.

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

Ripple Labs has reached a settlement with the US Securities and Exchange Commission (SEC) to resolve a civil lawsuit alleging the sale of unregistered securities. According to Reuters, the company will pay just $50 million of a previously imposed $125 million penalty.