All Eyes on Warsh north The G10 currencies have been in a relatively narrow range this week and this persists ahead of the new Fed chair’s speech at Jackson Hole today. Warsh is an awkward position. First, the main thrust of his brief tenure that the evolution of central banking in the past couple of decades has been [...]
Greenback Edges Higher north In the relatively quiet conditions that have prevailed this week, the US dollar is trading with a mostly firmer bias. Rising US rates amid the technically oversold short-term market are lending the greenback support. The dollar remains firm against the yen, even though the Deputy Governor of [...]
Consolidation Persists in the FX Market north The US dollar is enjoying a slightly firmer tone against most of the G10 currencies. However, for the most part, ranges tend to be narrow, and the consolidative one seen this week persists. Oil prices have extended their pullback amid reports that Iran and Oman are discussing an “interim [...]
Revolut Launches EURR, a Euro-Backed Stablecoin, on Polygon north Revolut is rolling out EURR, its first stablecoin, to customers in Denmark, Poland, and Portugal. The euro-denominated token is designed to hold a value of exactly €1.00 and launches live on Polygon and Ethereum
Welcoming Lisk Ecosystem Builders to Celo north Lisk builders are invited to continue their work on Celo, a mission-aligned, technically compatible OP Stack network. Migration support is available starting today.Today, Lisk announced they will wind down the Lisk blockchain in the coming months, and invited their ecosystem builders to [...]
Oh, Canada north The breakdown in U.S.-Canada trade talks weighed on the Canadian dollar and drove Canadian interest rates lower. That is hardly surprising. A trade war with an economy roughly 12 times larger is a more significant threat to Canada than to the United States. The asymmetry is economic, even if [...]