How Washington can protect U.S. dollar hegemony with stablecoins
It will be a bitter pill for some in the crypto world, but strong regulation of stablecoins is necessary to maintain the dollar's status as the world's reserve currency.
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It will be a bitter pill for some in the crypto world, but strong regulation of stablecoins is necessary to maintain the dollar's status as the world's reserve currency.
Summary: FX volatility stayed elevated as markets ended the month of May. The US Dollar tumbled against the Canadian Loonie (USD/CAD) to 1.2640 from 1
The Australian Dollar firmed after the much-anticipated Q1 CPI came in way above expectations at 5.1%. Will the RBA be ready for action?
The Singapore Dollar is aiming for its best day against the US Dollar in 5 weeks after the Monetary Authority of Singapore (MAS) tightened policy. USD/SGD is eyeing support next.
Outlook for AUD/USD remains geared towards 0.7800 as RBA prepares markets for higher interest rates.