PBOC fixing signals discomfort with yuan's pace of gains
PBOC set its widest weak-side fixing deviation in six months after yuan hit 3.5-year high, signaling concern over pace of gains.
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PBOC set its widest weak-side fixing deviation in six months after yuan hit 3.5-year high, signaling concern over pace of gains.
Banks are issuing stablecoins to retain payments market share as non-bank tokens reach $300B supply. Regulatory clarity and transaction volume drive the shift.
Yen falls as Japan inflation misses forecasts, while Aussie gains on RBA Governor Bullock's hawkish comments.
RBA Governor Bullock testified that inflation risks flagged in August are materialising, with Middle East conflict and AI boom pushing up prices.
Japan's headline CPI came in at 1.9% y/y in August, below the 2.0% forecast. Core-core CPI also missed expectations at 1.7%.
JPMorgan notes Bitcoin could outpace gold if ETF hedge unwinds, citing short interest and options data.
New Zealand's August trade deficit was -1349mn, with imports at 8bn and exports at 6.66bn. Food price inflation held at 1.9% y/y, unchanged from July.
The Fed raised rates by 25 bps to 3.75-4.0%, a unanimous vote under Warsh. Analysts split on inflation's duration, with UBS seeing gold pressure near-term but…
Trump tells Axios he is nearing a decision on resuming large-scale attacks on Iran, ahead of a meeting with Gulf leaders.
Polymarket hires Jacob Horne, co-founder of Zora, to overhaul its onchain product. CEO Coplan says the DeFi side had weakened as the company grew.