No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
According to a Reuters poll, the Reserve Bank of Australia is expected to cut interest rates at its next meeting on July 8 as inflation falls, and economic growth is projected to weaken.
According to Statistics Canada, the country’s trade deficit narrowed to 5.9 billion Canadian dollars ($4.34 billion) in May, following April’s record high. The decline was driven by a 1.1% increase in exports and a 1.6% drop in imports, despite the negative impact of US tariffs.
According to Bloomberg, Japanese household spending reached its highest level since summer 2022 at the end of June. Agency experts suggest this may indicate consumers' adaptation to rising prices and their willingness to support the economy despite pressure from US import tariffs.
An increase of the indicator value may contribute to the rise in quotes of CAD.
Swiss bank UBS published a new report, raising its forecast for copper prices in this and next year. Improved expectations are due to reduced concerns about US trade policies and their impact on global economic growth.
Ripple has officially applied for a national bank charter in the US, CEO Brad Garlinghouse announced in a post. The crypto company submitted its application to the Office of the Comptroller of the Currency (OCC), the country’s top banking regulator.
Net short positions on the Australian dollar remain substantial. This may limit the downside risk, while a sharp reversal of these positions could become a driver of growth. UBS forecasts that the Australian dollar to US dollar exchange rate will reach 0.70 in the first half of 2026.
Canada's industrial sector decline accelerated in June due to new US tariffs, causing the sharpest production drop since the pandemic had begun. The Manufacturing PMI fell to 45.6 points.
According to Yahoo Finance, the first exchange-traded fund (ETF) on Solana was launched Wednesday on the Cboe BZX exchange in Chicago. The fund, named REX-Osprey SOL and Staking ETF, is available to investors seeking exposure to Solana.
Global investors are growing skeptical about the yen’s near-term recovery. They believe the currency’s rapid growth could be limited due to the Japanese financial regulator’s overly cautious stance, ongoing trade tensions, and the high cost of holding the position, Reuters reports.