The People’s Bank of China has launched a digital yuan operations center in Shanghai, which will combine platforms for cross-border payments, blockchain technologies and digital assets. The authorities are confident that the new hub will become a key link in the development of financial infrastructure and the expansion of the international use of Chinese currency….
Yesterday, the U.S. dollar strengthened against a number of risk assets after Treasury Secretary Scott Bessent voiced his disappointment that Federal Reserve Chair Jerome Powell did not outline a clear plan for cutting interest rates. “Rates are too high and too restrictive, they need to be lowered,” Bessent told Maria Bartiromo in an interview. “I’m…
On Thursday, the Swiss National Bank (SNB) confirmed that the base deposit rate would remain unchanged at 0% after completing its quarterly monetary policy review for Q3 2025. This decision was fully in line with market expectations. The central bank ended its rate-cutting cycle after six consecutive reductions, which began in March last year and…
On Tuesday afternoon, oil prices moved back up, reacting to geopolitical tensions and news about supplies. November Brent futures on ICE Futures added 1,1% to $67.77 per barrel. WTI contracts on the NYMEX rose 1.2% to $63.4 per barrel. The quotes are supported by fears of an escalation of the conflict in the Middle East…
On Monday, the crypto market faced a large-scale liquidation of long positions in excess of $1.5 billion, which caused a collapse in quotations of leading digital assets. Ether fell in price by almost 9%, to $4,075, while liquidations on it reached $500 million, Coinglass data show. Bitcoin fell by 3% to $111,998, and other coins,…
This week promises to be busy for the markets: investors are waiting for fresh reports from American technology companies, comments from Fed representatives after the rate cut, new inflation data and quarterly Costco reports. An additional factor of attention was the record gold prices. 1. Technology Sector Reports The stock market is once again focused…
The Hong Kong dollar is strengthening at a record pace in more than 20 years due to strong inflows into local stocks and favorable money market conditions. Over the past 30 days, the currency has grown by 1% against the US dollar, the fastest growth since 2003. On Monday, the exchange rate reached 7.77 per…
In August, the share of the US dollar in international payments through the Swift system decreased to 46.94%, which was the lowest since February 2024 (46.56%). In July, the figure was 47.94%. Despite this, the dollar still ranks first. The European currency is in second place. The euro strengthened its position, rising from 23.11% to…
Google, part of Alphabet, has announced massive investments in Africa: the company will build four new infrastructure hubs that will connect its latest submarine cables to different regions of the continent – north, south, west and east. These centers will include key telecommunications infrastructure – ground stations and data centers, and will form the basis…
Bitcoin remains quite resilient, following an uptrend. However, this growth is fragile, experts warn investors. Meanwhile, the outlook for the US dollar is unstable and leans negative. Against this backdrop, analysts believe that the dollar may require shock therapy for a meaningful recovery. On Monday, September 15, Bitcoin opened the day with a slight decline,…