Other news

Swiss bank UBS published a new report, raising its forecast for copper prices in this and next year. Improved expectations are due to reduced concerns about US trade policies and their impact on global economic growth.

Ripple has officially applied for a national bank charter in the US, CEO Brad Garlinghouse announced in a post. The crypto company submitted its application to the Office of the Comptroller of the Currency (OCC), the country’s top banking regulator.

Net short positions on the Australian dollar remain substantial. This may limit the downside risk, while a sharp reversal of these positions could become a driver of growth. UBS forecasts that the Australian dollar to US dollar exchange rate will reach 0.70 in the first half of 2026.

Canada's industrial sector decline accelerated in June due to new US tariffs, causing the sharpest production drop since the pandemic had begun. The Manufacturing PMI fell to 45.6 points.

According to Yahoo Finance, the first exchange-traded fund (ETF) on Solana was launched Wednesday on the Cboe BZX exchange in Chicago. The fund, named REX-Osprey SOL and Staking ETF, is available to investors seeking exposure to Solana.

Global investors are growing skeptical about the yen’s near-term recovery. They believe the currency’s rapid growth could be limited due to the Japanese financial regulator’s overly cautious stance, ongoing trade tensions, and the high cost of holding the position, Reuters reports.

Japan’s service sector activity expanded at a higher pace in June compared to the previous month, with the PMI rising to 51.7 points from 51.0 in May. Accelerating domestic new orders helped boost the activity.

Grayscale Investments has received approval from the US Securities and Exchange Commission (SEC) to convert its Digital Large Cap Fund (GDLC) into a spot cryptocurrency ETF. This was reported by CoinMarketCap.

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

According to S&P Global, Australia's seasonally adjusted services PMI surged to 51.8 in June, up from 50.6 in May. The pace of expansion was the strongest since May 2024. These figures were released ahead of the Reserve Bank of Australia's (RBA) meeting on July 7–8.