Other news

Following the US administration's announcement of tariffs in April, the USDCAD exchange rate declined significantly toward levels seen just before the US election.

On Friday, Polish Finance Minister Andrzej Domanski announced a cut in the country's copper mining tax from 2026. He said the initiative will support national producers by lowering their costs.

Friday's inflation data in Japan raised market concerns, casting doubt on the government's efforts to slow consumer price growth. According to Bloomberg, the key index reached a two-year high in April.

As reported by CoinMarketCap, Dogecoin has been integrated into the Solana blockchain through Psy and Wormhole, allowing meme-coin users to securely interact with applications on the Solana platform.

Solana developers have announced preparations for the network’s largest upgrade, which will introduce a new consensus protocol called Alpenglow. This move aims to significantly increase transaction processing speed and expand the platform’s capabilities for real-time applications, Coindesk reports.

А GfK survey released on Friday revealed that British consumers saw a modest rebound in their confidence in May. This improvement has been attributed to the Bank of England's (BoE) interest rate cuts and relieving strain in global trade, as reported by Reuters.

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

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

Member of the Bank of Japan board Asahi Noguchi believes the central bank does not have to intervene into the bond market to act on the rise of super-long yields.

According to the Office for National Statistics, Britain’s public sector net borrowing hit 20.2 billion pounds ($27.07 billion) last month, up 1 billion pounds ($1.34 billion) from April 2024.