No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
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.
According to the Bank of America (BofA) model, market participants remain bearish on the dollar, particularly against the euro and the British pound.
Despite the market participants' uncertainty about the Japanese currency's outlook, asset managers remain optimistic. According to the Commodity Futures Trading Commission (CFTC), their bullish bets on the yen rose by 3,218 contracts in the week ending May 27.
According to Bloomberg, the crypto industry in South Korea is poised to receive governmental backing, regardless of the presidential election outcome. Both leading candidates support easing regulations due to significant public interest in this sector.
An increase of the indicator value may contribute to the rise in quotes of GBP.