China considers allowing yuan-backed stablecoins to boost currency – Reuters

China considers allowing yuan-backed stablecoins to boost currency – Reuters
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China considers allowing yuan-backed stablecoins to boost currency – Reuters
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A New York author and journalist has released audio tapes that appear to detail how Donald Trump had a close social relationship with the late sex trafficker Jeffrey Epstein that he has long denied. The tapes, released as part of the Fire and Fury podcast series by Michael Wolff, author of three books about Trump’s…
Silver price (XAG/USD) extends its winning streak for the fourth trading day on Wednesday. The white metal rallies further to near $90.00 during the Asian trading session as demand for safe-haven assets remains firm amid geopolitical tensions. Civil unrest in Iran as the general public demands political change due to surging inflation, falling Rial against…
BoE MPC member Alan Taylor reinforced his dovish position in an interview with the Financial Times, highlighting growing downside risks to the UK economy from global developments. Taylor, who alongside Swati Dhingra voted for a larger 50bps rate cut in May, argued that monetary policy should be on a “lower policy path” given the accumulating…
The Wall Street Journal is reporting that President-elect Trump is preparing pro-fossil fuel executive orders ahead of his inauguration next week. Some highlights: Executive Orders on Energy: President-elect Trump plans a series of executive orders to promote fossil fuels and reverse policies supporting electric vehicles (EVs). Drilling Policies: Trump is expected to instruct agencies to…
FX market muted as dollar steadies from Venezuela shock Source link
GBP/USD failed to climb above 1.3500 and corrected some gains. EUR/GBP started a decent increase and might aim for more gains above 0.8710. Important Takeaways for GBP/USD and EUR/GBP Analysis Today · The British Pound is showing bearish signs below the 1.3400 support. · There is a key bearish trend line forming with resistance near…