Greenback Slips Amid Heightened Tensions over Greenland north The US stepped up its attempt to secure Greenland for national security purposes, even though it has reduced its presence there. The latest attempt included a threat to impose 10% tariffs on several EU countries starting next month and would rise to 25% in June. This is too much for many EU [...]
Week Ahead: Dollar's Upside Correction Since around Christmas may be in the Final Phase north The US dollar mostly consolidated against the G10 currencies last week, though the combination of firm data and the shrugging off of the latest administration attempt to influence Fed policy gave it a firmer bias. Japanese officials have taken several steps up the intervention ladder with [...]
US Dollar Finishing Week Softly but Within Consolidative Ranges north The US dollar is softer against all the G10 currencies, but the general consolidation seen this week continues. Japanese officials continued their verbal intervention, and with the US holiday on Monday, the risk of material intervention is seen as greater, and some yen shorts have covered. [...]
Universal blockchains buckle under real-world demands north General-purpose blockchains can’t solve industry disputes over construction changes or equipment usage. Specialized layer 1s are optimized for stateless audit trails and regulatory compliance.
The Dollar is Firm but Consolidating north The consolidation phase in the dollar continues today. Relatively narrow ranges are prevailing, including with the Japanese yen, where the threat of intervention has helped steady the exchange rate. The Bank of Japan meets next week, and although reports suggest that it will take the [...]