Other news

The United States House of Representatives formally passed the landmark Digital Asset Market Structure Clarity Act (CLARITY), designed to address long-standing confusion over the classification of cryptocurrencies in the US financial system.

Japan's consumer price index, excluding fresh food, rose 3.3% year-on-year, just below economists’ median forecast of 3.4%. The reading marks a slowdown from May’s 3.7% gain, the highest in two years, as reported by the country’s Ministry of Internal Affairs and Communications.

The Canadian dollar fell to a three-week low against the greenback on Thursday as encouraging US economic data boosted the appeal of American assets. Corpay says that US GDP growth has not slowed down, even after the government imposed import tariffs on major trade partners.

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

Japan’s exports fell for the second consecutive month in June, declining by 0.5% year-on-year amid US trade policy changes and new tariffs. The drop surprised analysts who had anticipated growth.

According to new data from the Office for National Statistics, the unemployment rate in the UK reached 4.7%, the highest level in four years. The number of workers decreased by 41,000 in June, surpassing the expected decline of 35,000.

Analysts at Canada's BCA Research predict gold prices will keep climbing as industrial metals lose appeal. Weak economic activity in China and higher US import tariffs are reducing demand for copper, iron ore and even oil.

XRP climbed 6% to $3.06 after the GENIUS Act advanced in the US Congress, signaling growing regulatory clarity for cryptocurrencies. The proposed legislation would establish federal standards for stablecoins like Ripple's upcoming RLUSD.

Citi analysts predict that copper prices will come under pressure in the second half of 2025 due to a slowdown in inventory accumulation related to US tariffs and weakening Chinese demand.

Bloomberg strategists warn that the yen could weaken further if Prime Minister Shigeru Ishiba’s ruling coalition loses its majority in the upper house election on July 20. Polls suggest the Liberal Democratic Party-led bloc may fall short of securing enough seats.