Canada’s Finance Minister Chrystia Freeland said on Tuesday that the federal budget presented to the Parliament last month had created conditions for interest rates to come down.
The dollar eased against most currencies on Tuesday ahead of key U.S. and euro zone inflation data later this week that could affect expectations for major central banks’ monetary policy outlooks.
Gold prices gained on Tuesday, helped by a weaker dollar as investors look forward to U.S. inflation data due later this week for more clarity on interest rate cut timings.
The price of Bitcoin fell slightly on Tuesday, while a rally in no.2 token Ether cooled, as anticipation over key inflation data this week kept traders largely averse to assets like crypto that are perceived as riskier.
The company’s shares surged nearly six times their value in the first two weeks of May, partly fueled by the re-emergence of “Roaring Kitty” Keith Gill, a key figure in the 2021 retail trading frenzy. The stock has since lost 70% of its value up to Friday’s close, taking GameStop (NYSE:GME)’s market value to $5.82…
