Most economists expect RBA to cut rates, with forecasts seeing further reductions through 2025 amid economic softness.
Japan’s GDP shrinks, AUD/USD rises, USD/JPY rebounds, gold stalls, crypto dips, UK data sparks debate.
Trump administration plans to blacklist Chinese chipmakers, raising concerns about impact on delicate trade negotiations.
New Zealand’s PMI rises; currencies fluctuate amid economic shifts; gold, crypto, and UK growth draw market focus.
New Zealand’s manufacturing PMI rose to 53.9 in April, marking continued recovery and sustained expansion trends.
Trump administration touts $200B in UAE deals, but details remain vague; includes AI, aerospace, and aluminium projects.
Australia prioritizes its economic ties with China over a US-led trade stance, says Minister Farrell.
Gold surged to $3,228 after weak US data, falling yields, and geopolitical tensions boosted safe-haven demand.
U.S. officials express confidence in stable inflation and economic acceleration, with debt concerns delayed until August.
NZD/USD faces downside pressure amid weak US data, Powell’s support for USD, and cautious sentiment.
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