The US Dollar recorded a notable comeback last week after speculation of a more aggressive Fed tightening policy by market participants intensified on the heels of hawkish statements from Fed policymakers. Reports show that the currencies market is pricing in a 70% chance of the Fed interest rate jumping to 1.50 – 1.75% by the […]
US Federal Reserve chairman Jerome Powell has asserted that the cryptocurrency industry needs a new regulatory framework, arguing that it poses a threat to the US financial system and could undermine the nation’s financial institutions. The Fed chair aired his concerns on the cryptocurrency industry yesterday at a panel discussion on digital currencies hosted by […]
The US Federal Reserve has passed a memo prohibiting senior central bankers from investing in cryptocurrency. According to an announcement from the Federal Open Market Committee (FOMC), its members have “unanimously formally adopted comprehensive new rules for the investment and trading activity of senior officials.” The FOMC is a division of the US Federal Reserve […]
Risk-averse Japanese yen and US dollar climbed higher on Tuesday as other risk-sensitive currencies as the New Zealand dollar fell alongside the euro, amid growing concerns over a potential Russian invasion of Ukraine and a hastened policy tightening by the Federal Reserve. The Australian dollar climbed briefly following a strong consumer price data release, which […]
The US Federal Reserve recently released a discussion paper on the advantages and disadvantages of launching a potential US central bank-issued digital currency (CBDC). Reports show that this is the first time the US Fed is consulting the general public on whether the digital dollar could benefit the financial system or not. While many countries […]
