Other news

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

RBC strategists led by Sam Crittenden noted a weakening in copper supply and demand. Therefore, Donald Trump's refusal to impose tariffs on this metal could negatively impact prices.

The Bank of Canada has decided to keep its interest rate at 2.75%, signaling that fighting core inflation takes priority over concerns about weak economic growth, Bloomberg notes. However, several experts quoted by the agency believe the central bank will cut rates multiple times this year.

The UK Office for National Statistics (ONS) reported that April's inflation rate was overstated due to an error in vehicle tax data.

Japanese government bonds rose following a relatively solid auction of 30-year debt, which outperformed investors' low expectations, Bloomberg reports.

The Bank of Canada decided to maintain its policy rate at 2.75% while awaiting further information on the impact of US trade policy. When making this decision, the regulator considered steady inflation growth and the economy's relative stability in the first quarter.

Australian Bureau of Statistics’ data shows household spending inched up just 0.1% in April, following a 0.1% decline in March. The figures suggest consumer demand remains sluggish compared to income growth, even as borrowing costs fall and inflation eases, according to Reuters.

Chinese company Webus International Ltd. plans to raise up to $300 million through non-equity financing to establish an XRP cryptocurrency reserve. The US Securities and Exchange Commission will oversee the fundraising process. CoinMarketCap reports on the filing of the relevant application.

According to the country’s labor ministry, base salaries increased by 2.2% in April compared to a year earlier, accelerating from the previous month’s gain of 1.4%. That strengthened the case for rate hikes by the Bank of Japan.

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