Euro Weakens Against Yen

EUR/JPY trades lower at 185.10 The Euro is struggling against the Japanese Yen despite a hawkish tone from the ECB. The currency cross declined after registering modest gains in the previous day. The Euro weakened amid persistent uncertainty in the Middle E

RBA Raises Rate To 4.35%

Eight of nine members backed the May rate hike The Reserve Bank of Australia increased its rate by 25 basis points to 4.35%. The decision was made due to rising inflation risks from the Gulf conflict. The board considered two options: holding at 4.10% or raising the