Jake Chervinsky News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Overall, the past week favoured the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on 15 May, it returned to this zone on 24 May, regaining the losses of recent days. Recall that the report from the US Bureau of Labor Statistics (BLS) released on 15 May showed that the Consumer Price Index (CPI) decreased from 0.4% to 0.3% month-on-month (m/m), against a forecast of 0.4%. On an annual basis, inflation also fell from 3.5% to 3.4%. Retail sales volume demonstrated an even more significant decline, from 0.6% to 0.0% month-on-month (fore...

The Financial Innovation and Technology for the 21st Century Act (FIT21) is heading to the Senate, but it could be months before more action is taken on it.

The U.S. House of Representatives voted 279-136 to approve the Financial Innovation and Technology for the 21st Century Act, with significant support from House Democrats.

The House – with significant support from Democrats – has passed FIT21, which could be the first step toward providing the crypto industry with a clear regulatory path forward.

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