News
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RBNZ cuts rates as expected – Commerzbank
As expected, the Reserve Bank of New Zealand cut its key interest rate by 25 basis points to 3.5% this morning. After the RBNZ had recently cut interest rates in large steps of 50 basis points each, the pace has been slowed down, as expected.
Fxstreet
Wed, Apr 9
Cardano Price Forecast: Bears aiming for a yearly low of $0.50 as on-chain data show increasing dormant wallet activity
Cardano (ADA) price hovers around $0.56 on Wednesday after falling 13% the previous week. Token Terminal data shows that ADA’s fee collection has constantly fallen in 2025, indicating lower blockchain usage and activity.
Fxstreet
Wed, Apr 9
Japan’s Top FX Diplomat Mimura: Closely watching market moves with high sense of urgency
Following the meeting between the Bank of Japan (BoJ), Japanese Financial Services Agency (FSA) and Ministry of Finance (MoF) on Wednesday, Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign exchange official, said on Wednesday, they are “closely watching marketFxstreet
Wed, Apr 9
CNY: Depreciation remains a key policy response – ING
In China, the PBoC set the USD/CNY fixing at 7.2066 this morning. This marks the fifth consecutive adjustment higher, reinforcing the view that a controlled weakening of the yuan (albeit not a devaluation) is part of China’s policy response to tariffs, ING's FX analyst Francesco Pesole notesFxstreet
Wed, Apr 9
EUR: Benefitting from USD losses – ING
EUR/USD has rallied back above 1.10, banking on idiosyncratic USD weakness. The Atlantic spreads can have inverse correlations with FX if there are signs that markets are losing confidence in a broader spectrum of USD-denominated assets, ING's FX analyst Francesco Pesole notes.Fxstreet
Wed, Apr 9
MANTRA Price Forecast: OM launches MANTRA Ecosystem Fund to boost RWA innovation and growth
MANTRA (OM) price hovers around $6.24 on Wednesday after rallying almost 9% so far this week. On Monday, the MANTRA chain launched the MANTRA Ecosystem Fund (MEF) with over $108 million to drive innovation and growth in Real-World Asset (RWA) tokenization.Fxstreet
Wed, Apr 9
NZD/USD Price Forecast: Rebounds from sub-0.5500 levels/multi-year low; not out of the woods yet
The NZD/USD pair stages a modest recovery from levels below the 0.5500 psychological mark, or the lowest since March 2020 touched earlier this Thursday after the Reserve Bank of New Zealand (RBNZ) announced its policy decision.Fxstreet
Wed, Apr 9
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bears target $73,000 BTC, $1,300 ETH, and $1.30 XRP
Bitcoin (BTC) price hovers around $76,200 on Wednesday after falling 3.59% the previous day. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and continued their downward trend. The technical outlook suggests a correction, targeting $73,000 BTC, $1,300 ETH, and $1.30 XRP.
Gold struggles below $3,000 amid rising yields and tariff jitters
Gold price snaps three days of losses, consolidates below the $3,000 figure as US Treasury yields rise, making the non-yielding metal less appealing for investors. Even though there are hopes of trade deals between partners, the “trade war” between the US and China makes investors uneasy.
Fxstreet
Wed, Apr 9
