Other news

Over the past six months, the yen has gained 9% against the dollar on the background of global trade tensions and Donald Trump's calls for interest rate cuts in the US. As noted by Bloomberg, optimism for the yen is added by historical trends.

Chile's copper industry demonstrated its best performance this year in May. According to data from the statistical bureau INE, the country produced 486,574 tons of the red metal. This figure is 9.4% higher than the value for the same period last year.

As reported by Bloomberg, sentiment among major Japanese manufacturers showed growth in June. These changes reflect the resilience of Japan's economy ahead of US tariffs tightening and another interest rate hike.

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

Ripple CEO Brad Garlinghouse plans to put an end to the cryptocurrency company's legal battle with the US Securities and Exchange Commission (SEC). The firm is withdrawing its cross appeal against the SEC and now hopes the SEC will reciprocate, Reuters reports.

As reported by Bloomberg, First Quantum Minerals has started shipping stockpiled copper from its Panama mine, nearly 19 months after operations were halted by a court order.

In 2025, bitcoin is hitting record highs, fueled by exchange-traded fund (ETF) approvals, optimism around favorable regulation, and growing interest from big investors. But behind this positive momentum, the altcoin market is in crisis.

According to a study by the private think tank Teikoku Databank, Japanese food makers intend to hike prices for 2,105 items in July. The figure is five times higher than a year ago. The prices will increase by an average 15%.

The UK is among the countries at risk of an economic crisis due to unbalanced government spending. Agustin Carstens, the Bank for International Settlements (BIS) chief, highlighted the problem of the European country's rapidly rising public debt.

Copper prices in London and Shanghai continue to fluctuate this week. Traders’ attention is focused on Donald Trump's trade policies, particularly his decision on copper import duties, Reuters reports.