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Dean Turner of UBS believes the greenback is losing its safe-haven status, driven by the policies of the American administration. Turner warns against a full exit, yet advises reallocating funds held in US dollars.
9 June
Green energy transition to trigger surge in copper demand — Oilprice
Global copper demand is projected to rise sharply in the coming years due to its critical role in renewable energy projects and power transmission infrastructure. Mining giant BHP forecasts a 70% increase in copper demand, reaching 50 million metric tons by 2050.
9 June
China's imports of most natural resources fell in May, according to customs data released today. Reuters analysts noted that the decline affected oil, coal, iron ore, and copper.
9 June
US Congress has proposed legislation to regulate crypto assets — The Cryptocurrency Press
According to The Cryptocurrency Press, the US Congress is reviewing the new CLARITY Act, designed to eliminate legal ambiguities in cryptocurrency regulation.
9 June
UK announces $400 billion plan to boost social infrastructure
The UK’s Labour government has unveiled a historic 300 billion pounds ($407 billion) funding package to boost healthcare, education, and transport infrastructure.
9 June
Bank of England overestimates UK economic weakness — Bloomberg
Bloomberg reports that the Bank of England (BOE) may be underestimating the UK’s economic strength. The central bank favors pessimistic business surveys, such as the business activity index, over stronger official GDP data.
9 June
Analysts at Nomura Holdings, Inc. predict that the Japanese yen could strengthen by approximately 6% against the US dollar in the coming months, driven by Japanese investors pulling funds from American assets amid rising yen yields.
9 June
Bank of England’s Megan Greene expects disinflation in UK to continue
Megan Greene, a rate-setter at the Bank of England, expects disinflation in the UK to continue. She believes US President Donald Trump's tariffs are likely to lower consumer prices in the country due to changes in global trade flows.
9 June
SEC considering Nasdaq's application to include Ripple and other cryptocurrencies in NCI index
Last week, Nasdaq filed an application with the US Securities and Exchange Commission (SEC) to expand its cryptocurrency index by including Ripple (XRP), Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM).
9 June
China's copper output has reached a record high this year. The relentless expansion of copper processing capacity in China has led to intense competition among mining companies for the ore needed to produce the vital industrial metal.
9 June
