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 [...]
The First (F)air Drop is Here: Introducing Self and Google Cloud’s USA₮ Mainnet Faucet north Verified Humans Can Earn Free Stablecoins, Claiming the US Dollar-Backed Stablecoin Issued by Anchorage and Backed by Tether through Self VerificationSelf and Google Cloud’s USA₮ Mainnet Faucet is now live on Celo, unlocking free stablecoins for real, verified humans for the first time.Celo is [...]
To Support the US Treasury Market, Bessent Sent the Greenback Reeling north The US Treasury announcement early in North America yesterday that it would at least double the size of liquidity support buyback operations for longer-dated nominal coupon securities. The current maximum size is $16 bln a quarter. The stepped-up purchases will take effect on September 9. [...]