Dollar Stabilizes after Yesterday's Shellacking but Finds Little Traction north Overview: The US dollar has steadied today after yesterday's shellacking that saw it fall to new multiyear lows against the euro and sterling and 10-year lows against the Swiss franc. The news stream is somewhat more supportive today, with trade deals said to be in the works, in addition to [...]
Dollar Pummeled on Risk to Fed's Independence north Overview: The US dollar was weak yesterday, but it has been pummeled today. It is down against the G10 currencies and all but the Russian ruble and Turkish lira among emerging market currencies. The proximate trigger of today's sell-off were news reports that a successor to Fed Chair Powell [...]
Global Standards, Local Challenges north In response to the Financial Stability Board's review of its global regulatory framework for crypto-asset activities, the IOTA Foundation highlights key challenges:
Markets Enjoy A Calm Moment north Overview: After a volatile start to the week, the capital markets are quieter and the ceasefire between Israel and Iran appears to be holding. The Trump administration is challenging reports that claim the barrage of US bombs merely set back the Iranian nuclear project by a few months. No coup [...]
Fragile Cease-Fire Lifts Animal Spirits and Reverses the Greenback's Gains north Overview: It is not clear when the choreography began. US dramatic display, including dropping a dozen bunker-buster bombs on well telegraphed nuclear enrichment sites in Iran, and reports lend credibility to speculation that the enriched uranium had previously been removed. Or was it with [...]