Other news

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.

The PMI Composite index of business activity in the UK, which covers both services and manufacturing, amounted to 51.5 points in March. The index exceeded the February value of 50.5, but fell slightly short of the preliminary estimate.

On April 2, the cryptocurrency market took a sharp downturn following comments from US President Donald Trump on new tariffs to be enacted. Liquidations across multiple exchanges exceeded $500 million, with XRP also feeling the impact.

More than 3,700 firms in the UK filed for bankruptcy over the past month, according to The Gazette, which publishes announcements of business closures across the country. This is 32% higher than the figures for the same period last year.

US President Donald Trump's trade policies and retaliatory measures from other nations could dampen investment in Australian businesses and household consumption. Nevertheless, the RBA expressed confidence in the domestic financial system's capacity to weather these challenges.

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

Japan is showing promising signs of nearing its central bank's 2% inflation target, International Monetary Fund (IMF) officials report. With strong domestic demand and continued foreign investment, GDP growth is projected to hold steady at 0.5% in the short term.

Industrial metal prices, including copper, declined amid concerns that US President Donald Trump’s new tariffs could dampen demand for industrial commodities, Bloomberg reports.

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