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.
The Reserve Bank of Australia (RBA) has recently cut interest rates by 0.25 percentage points, bringing them down to 3.85%, the lowest level seen in the past two years. This decision comes amid ever-growing global uncertainty that is impacting the nation's economic landscape.
Initially, the potential introduction of US tariffs on copper imports seemed to benefit traders of physical metals. However, subsequent ups and downs in the commodities market have hurt investment funds and their operations, Reuters reports.
Ripple Labs has partnered with Zand Bank and Mamo Bank in the United Arab Emirates (UAE) to integrate the XRP cryptocurrency into their payment systems and facilitate cross-border transactions.
According to a study by the Resolution Foundation think tank, the cuts in social benefits proposed by the Labor Party will increase unemployment in the UK. This will happen despite the recent statements of the country's government about increasing the number of working citizens in the kingdom.
A decrease of the indicator value may contribute to the fall in quotes of AUD.
On Monday, gold began to actively regain the previous week's losses, which were caused by easing global trade tensions. According to Investing, the rise in gold prices was driven by several factors simultaneously, including Moody's downgrade of the US credit rating.
On May 19, the US dollar fell against a number of foreign currencies following the downgrade of the American government's credit rating.
Copper tariffs announced by President Trump have triggered a massive surge in US imports of the metal, overwhelming the American market and straining global supplies. Following the announcement of the duties in February, traders began rushing copper into the US.
, an American entrepreneur and co-founder of the BitMex firm, shared his opinion on the likely rise in bitcoin's value to $200,000 as part of an interview for Yahoo Finance.
The Chair of Australia’s Productivity Commission, Danielle Wood, has declared the urgent need to address labor productivity growth, which has fallen to its lowest level in 60 years. She emphasized that current conditions demand measures to optimize workforce utilization.