Fiat-Backed, Regulated Indonesian Rupiah Stablecoin, IDRX, Deploys on Celo with Textile FX… north Fiat-Backed, Regulated Indonesian Rupiah Stablecoin, IDRX, Deploys on Celo with Textile FX Liquidity on Day OneIDRX is the 20th Currency and 33rd Stablecoin to Launch on the Leading Network for Stablecoin Adoption, with $6.2B in Monthly Volume and 500K Daily Active UsersToday, the leading [...]
The Greenback Remains Firm but Mostly Inside Yesterday's Ranges north (Due to travel schedule, no commentary tomorrow. Normal schedule resumes Thursday, September 17. Thank you for your patience). The rise in oil prices and yields is helping underpin the greenback ahead of tomorrow’s conclusion of the FOMC meeting. The Fed funds futures are discounting almost a [...]
US Dollar Jumps on Fed Expectations north The combination of heightened expectations for the Federal Reserve to lift rates late this week coupled with the high oil prices have helped lift the US dollar broadly today. Yet, the PBOC set the dollar's reference rate at a new 3 1/2-year low today. Among the G10 currencies, the Swedish [...]
Week Ahead: BOJ and Fed may Pay Heavy Price if They Disappoint the Market north The Middle East war, for which President Trump has claimed victory many times, continues to be a powerful disruptive force. Iran is not hunkering down in a defensive position but has gone on the offensive. The combination of Ukraine's success, hitting Russian refinery capacity, the drop in [...]
US Dollar Bid Ahead of ECB Rate Hike north ((No commentary on September 11 due to business travel, though the weekly analysis will be posted on September 12.) It seems like a low probability scenario that the US can cap long-term US interest rate when hostilities in the Middle East are disrupting the energy market, while China appears [...]