Other news

Australia’s economic growth slowed in the first three months of this year, reinforcing the case for the country’s central bank to ease monetary policy further. Government data showed that GDP advanced 0.2% in the first quarter, weaker than the forecasted increase of 0.4%.

No change of the indicator value may reduce the volatility of the related markets.

An increase of the indicator value may contribute to the rise in quotes of AUD.

A decrease of the indicator value may contribute to the fall in quotes of Gasoline, WTI, Brent.

A trade deal between the UK and the US has resulted in an improvement in the British manufacturing sector. Following the agreement, S&P Global’s manufacturing purchasing managers’ index for the UK rose to 46.4 in May and reached a three-month high.

Minutes from the regulator's meeting revealed that the Reserve Bank of Australia (RBA) had discussed cutting interest rates by 0.5%. The government primarily used this consideration as a defensive strategy against potential economic shocks stemming from US trade policy.

Last week, the cryptocurrency market experienced significant changes, primarily driven by the revaluation of key assets' investment attractiveness. Ethereum-based funds (ETH) recorded the highest net inflow, according to CoinMarketCap.

Bank of Japan Governor Kazuo Ueda said Tuesday that the country's central bank will raise interest rates if there are clear signs of a recovery in economic growth and price growth after a period of stagnation.

Reserve Bank of Australia Assistant Governor Sarah Hunter says global trade uncertainty will weigh on domestic economic growth and employment. Hence, the regulator switched to monetary easing in May.

An increase of the indicator value may contribute to the rise in quotes of CAD.