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 UK government's tax reforms, announced by finance minister Rachel Reeves, risk both fueling inflation and complicating the Bank of England (BoE)'s plans for monetary policy easing, according to Reuters.
According to Bloomberg, investors and economists are raising forecasts for monetary policy easing by the Bank of England. Markets are already pricing in three additional rate cuts before the end of the year following the announcement of record tariffs.
Canada saw a significant drop in exports in February, resulting in a trade deficit of 1.5 billion Canadian dollars (about $1.065 billion). This stands in stark contrast to January's surplus of 3.1 billion Canadian dollars ($2.201 billion), as noted by Bloomberg.
XRP has settled at $2.05 following a 3.5% drop overnight, amid persistent selling pressure and growing doubts surrounding regulatory decisions.
Data from the Australian Bureau of Statistics showed that the country's household spending in February was slightly lower than expected, despite the Reserve Bank (RBA) cutting interest rates for the first time in four years.
On April 3, the Cardano ecosystem unveiled Veridian, an open digital identity platform aimed at both private users and businesses. The new solution offers a decentralized approach to identity management, providing full control over personal data without the involvement of third-party services.
According to the Ministry of Internal Affairs and Communications of Japan, the country's household spending in February decreased by 0.5% year-on-year due to a decline in expenditures on clothing and footwear, housing, and food. The result fell below the forecast of economists.
Bank of Japan (BOJ) Governor Kazuo Ueda told lawmakers that the 24% US tariffs on the Asian country's goods are likely to exert downward pressure on Japan's GDP by weakening trade activity and affecting business sentiment.
According to Max Layton, Global Head of Commodities Research at Citigroup Inc, a new series of tariffs by the US administration will lead to a fall in prices of all commodities. In particular, he reckons that copper prices will drop another 8–10% in the coming weeks.
A decrease of the indicator value may contribute to the fall in quotes of CAD.