ECB Meeting may be a Non-Event, US CPI is Key north Overview: The US dollar enjoys a firmer today ahead of the CPI and ECB meeting outcome. After falling to a new low for the year against the Chinese yuan earlier today, it has recovered and is higher on the day. The market is pricing in almost a 10% chance of a 50 bp cut next week, but a rise [...]
Deflation Continues to Grip China north Overview: The US dollar is trading quietly today, ahead of the August PPI, though with a weaker bias against most of the G10 currencies. The yen and Canadian dollar are the laggards. Two news developments are among the talking points. First, a federal judge temporarily blocked President [...]
Trade Finance, Reinvented north By building the infrastructure for digitized trade and finance, IOTA is addressing the multi-trillion dollar global trade finance gap.
LEASH V2 Migration — Final Pre-Launch Update (Audit Complete) north If you’re looking for the full background and earlier decision points (rebases, options, DAO input, ratio model, targeted snapshots, etc.), please read our previous blogs. This update is about what we’ve been doing and what’s next. What we’ve been doing 1) Building & testing * Migration [...]
Japanese and French Politics Take Limelight for the Moment north Overview: The dollar is mostly consolidating with a softer bias after the disappointing employment report before the weekend. The derivatives market is pricing in about a 10% chance of a 50 bp Fed cut next week, which still seems exaggerated given the likely uptick in headline CPI this week. [...]