Other news

Ripple president Monica Long announced a dramatic shift in major US banks' attitude toward blockchain solutions and XRP.

News about the popular web browser Brave's partnership with Input Output (IO), the Cardano developer, has caused a surge of activity in the digital market. IO expects to significantly expand its user base through the new deal.

British businesses continued to cut jobs for the third consecutive month, facing pressure from rising taxes and the impact of US trade policies. According to the Office for National Statistics, the number of payrolled employees declined by 33,000 in April.

At the moment, money markets are pricing in three rate cuts from the RBA this year, with one expected during the next meeting on May 20. Earlier, traders forecast five reductions in borrowing costs in 2025.

Alan Taylor, a member of the Bank of England's Monetary Policy Committee, noted possible maintaining of interest rates at a high level for a long time. He emphasized that the UK economy is still far from reaching a neutral level of borrowing costs.

The Canadian dollar fell to its lowest level in a month, trading at 1.4015 per US greenback. The strengthening of the American currency following a temporary trade deal between the United States and China is being blamed for the CAD depreciation.

Bloomberg reports a deterioration in business conditions in Australia in April. There was a decline in profitability, a reduction in the volume of orders and expected corporate spending. These dynamics strengthened the case for the RBA to ease monetary policy and support the country's economy.

Chilean copper producer Codelco and global mining company Rio Tinto are planning to develop a copper mining district around their joint Nuevo Cobre project in the Atacama region of northern Chile. Codelco representatives reported this as a part of yesterday's announcement.

The Bank of Japan expects further growth of prices and wages, despite US tariff policy weighing on Japan’s GDP recovery. Additionally, the regulator is poised to proceed with rate hikes if the economy improves in line with the board's forecast.

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