Market Takes Developments in Stride north Overview: Capital market activity is subdued. The US dollar and the dollar-bloc currencies ae mostly a little softer, while the other G10 currencies are around 0.1-0.2% firmer. Emerging market currencies are mixed with central European currencies mostly firmer, though the Russian ruble is the [...]
Dollar Consolidates as Market Awaits Fresh Incentives north Overview: The US dollar is mostly consolidating today in quiet turnover. Among the G10 currencies, the dollar-bloc, which underperformed before the weekend, are firmer today, while the other G10 currencies are softer. The focus is not so much on data today but on the meeting in the White House [...]
LEASH v2 – Community Update: Vote Extension, Exchange Outreach, and Build Progress north The attacker (or former dev) keeps triggering rebases to make a point. From what it looks like, those who did vote favored Snapshot + Burn-to-Mint — so those attempts won’t work against the direction the community is choosing. 1) DAO vote: turnout + 24h extension The first vote completed with [...]
Week Ahead: Will Jackson Hole Confab Show more of the Fed's Hand? north The US dollar continued to unwind last month's gains. Last week it fell against all G10 currencies, but the dollar bloc. It was more mixed against emerging market currencies. The Argentine peso was the best performer, gaining 2% but the Argentine political and economic conditions appear [...]
You’re wrong about the GENIUS Act north Critics misunderstand the GENIUS Act’s actual influence. It doesn’t free Bitcoin from taxes but breaks Wall Street’s stranglehold on dollar clearing.
Dollar Slumps on the Anniversary of the End of Bretton Woods north Overview: Today marks the 54th anniversary of the end of the Bretton Woods agreement that pegged the dollar to gold and other currencies to the dollar. Nixon, who was regarded as among the most conservative presidents of his generation also announced a 90-day wage and price freeze and a 10% [...]