Japan’s Finance Minister, Katsunobu Kato, denied Donald Trump’s accusations that Japan was deliberately devaluing its currency to give its exporters an edge.
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The Bank of Japan (BoJ) is reportedly planning to revise its economic growth forecast for the 2025 fiscal year, according to Reuters sources. The move comes in response to mounting pressure from the US president’s trade policies.
16 April
UK inflation slowed to 2.6% in March
The UK inflation rate fell to 2.6% on an annual basis in March, below analyst expectations of 2.7%. At the same time, prices grew 2.8% in February and 3% in January.
16 April
The British labor market has shown signs of weakening ahead of regulatory changes set to take effect in April, with continued wage growth complicating the outlook for the Bank of England. According to the UK’s Office for National Statistics, job vacancies have fallen below pre-pandemic levels.
16 April
Citi has revised its copper price forecast in response to recent market developments, including the easing of US tariffs on the metal and increased Chinese buying during price dips. The bank now anticipates a slower depreciation over the next three months than initially projected.
16 April
Cardano founder blasts investors for ignoring ADA stability amid OM crash
In light of the recent collapse of the Mantra project's OM token, Cardano founder Charles Hoskinson has criticized investors for overlooking ADA’s stability. He went on to highlight the resilience of ADA and the broader Cardano ecosystem in the face of this turmoil.
16 April
Bloomberg: Bank of Canada may hold rates steady to assess impact of trade tensions
The Bank of Canada is expected to hold interest rates steady at its meeting on Wednesday, pausing after eight consecutive cuts to borrowing costs. The move reflects caution as officials assess the impact of trade tensions fueled by US President Donald Trump’s policies, Bloomberg reports.
16 April
The US Securities and Exchange Commission (SEC) recently approved the launching of exchange-traded funds (ETFs) for Bitcoin and Ethereum. As revealed by Kaiko data, XRP is currently the leader among altcoins in terms of potential ETF approval.
16 April
Slowing inflation won't stop Bank of Canada from keeping interest rate unchanged – Bloomberg
In March, consumer price growth in Canada unexpectedly slowed to 2.3% year-on-year from February's 2.6%, according to Statistics Canada. However, market participants and economists still expect that the Bank of Canada will keep the interest rate at the current level.
16 April
A decrease of the indicator value may contribute to the fall in quotes of GBP.
16 April
Traders are looking ahead to the Bank of Canada’s interest rate decision on Wednesday, remaining confident in the stability of the national currency regardless of the central bank’s move, Bloomberg reports.
16 April
