Other news

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

According to CNBC, the Dogecoin cryptocurrency experienced a significant 10% drop yesterday. This decline followed Elon Musk's formal departure from Donald Trump's administration, as well as a recent public dispute between the two over tax reforms on social media.

Canada recorded its largest-ever trade deficit of 7.1 billion Canadian dollar ($5.2 billion) in April, dramatically exceeding analyst expectations. The unprecedented deficit was primarily driven by a significant 15.7% drop in exports to the United States, Canada's main trading partner.

A narrowing interest rate gap between the US and Japan could lead to a strengthening of the yen against the dollar. The exchange rate could reach the 135–140 range by the end of the year, as projected by former Japanese diplomat Mitsuhiro Furusawa.

According to the latest Bank of England (BOE) research, only a small share of UK companies are concerned about US trade policies. The survey reveals that just 12% of businesses cited actions by American President Donald Trump as a primary source of instability in May.

The US Securities and Exchange Commission (SEC) is facing the need to regulate new cryptocurrency exchange-traded funds (ETFs) that offer investors earnings through staking, as reported by Bloomberg.

The Bank of Canada kept its rate at 2.75% in June. However, BofA Securities economist Carlos Capistran noted the regulator's more dovish stance. He forecasts a 0.25% cut in Canada's borrowing costs at the September, October, and December meetings.

According to Bloomberg, in the first 20 days of May, Japanese exports declined as the tariffs set by US President Donald Trump took a heavier toll. Data from Japan's Ministry of Finance indicates that the value of exports fell by 3% compared to the same period last year.

According to the Times Tabloid, XRP will be categorized under the European Union's Markets in Cryptoassets Regulation (MiCA) as a “utility token.” This is an important confirmation of XRP's functional role in blockchain finance.

In April, Japanese household spending unexpectedly dropped as high inflation curbed discretionary purchases. The decline served as a worrying sign for policymakers amid an economic downturn that had begun even before US tariffs took full effect, Bloomberg reports.