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. [...]
Dollar Slumps Ahead of the Employment Report north Overview: The focus is on US employment today. Weak jobs growth and a tick up in the unemployment rate are expected to spur the Fed's first rate cut of the year in a couple of weeks. Position adjusting ahead of the report has weighed on the greenback broadly and overwhelmed the unexpectedly [...]