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 [...]
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 [...]
US -Canada Trade War Escalates, while US Seek to Choke the Iranian Economy north The US dollar is trading higher against nearly all the currencies. Equity markets are mixed and bond yields are lower alongside oil prices. There are two major developments. First, the US and Canada trade talks broke down, and the risk is further escalation. Last week, President Trump has [...]
Week Ahead: Warsh at Jackson Hole north Introduced by the Nobel-prize winning economist Paul Samuelson in the late 1930s, "reveal preferences" says to look at what people are actually doing to determine their true preferences rather than what they say. Applying this to the US now suggests the administration is worried about the US [...]
Bessent Doubles Down, Dollar Slumps but Rates Little Changed north The market is pushing against the US recent initiatives. Japanese investors themselves have continued to buy foreign assets in size in the first two weeks after the intervention. The Ministry of Finance data showed Japanese investors bought around $36.5 bln of foreign assets in the first two [...]