Bank of Japan Hikes and Yen Tumbles north The US dollar is narrowly mixed against most of the G10 currencies. The notable exception is the Japanese yen, which is around 1.25% lower today. To be sure, the Bank of Japan lifted its overnight rate, as widely expected, and Governor Ueda seemed to signal a faster pace on policy adjustment. [...]
US Rates Steady after Yesterday's Surge and the Greenback Consolidates north The initial reaction to the Federal Reserve rate hike was to take US rates and the dollar higher, even though the hike was well anticipated. In addition to the dots, which showed 16 officials see another hike as likely being appropriate this year compared with six in June, Chair Warsh’s [...]
AI has been a ‘net negative’ for crypto: Phemex CEO north Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization.
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 [...]