BoK Governor Rhee Chang-yong explained the 25 basis point rate cut, citing weak growth and consumer sentiment.
USD/JPY rises above 150.00; yen remains volatile. Dollar faces resistance near 150.50 despite expected PPI Services increase.
BOK keeps rates at 2.75%, EUR/USD nears 1.0500, gold dips, and Shiba Inu holders sell tokens.
Goolsbee stressed Fed caution, citing policy-driven price impacts and tariff concerns while awaiting more economic clarity.
Monetary policy is restrictive; inflation pressures ease. UK consumption weak; contrasts with US, Eurozone. GBP/USD at 1.2620.
The EU plans to increase defence spending, but Macron warns Trump’s tariffs could hinder these efforts.
Goolsbee stresses clarity before rate cuts; Fed considers policy impact. US Dollar Index rises slightly.
Bank of America warns of rising stagflation risks due to policies like deportations, job cuts, and tariffs.
Trump confirmed tariffs on Canada and Mexico, impacting trade. USD/CAD fell 0.01%, trading at 1.4270.
Australian consumer confidence rises to 89.8, highest since May 2022, driven by interest rate cuts and jobs.
