The U.S. dollar wallowed near a one-week low versus major peers on Friday, on course for its worst week since late March, amid strengthening views that the Federal Reserve will forgo an interest rate hike this month.
The U.S. dollar wallowed near a one-week low versus major peers on Friday, on course for its worst week since late March, amid strengthening views that the Federal Reserve will forgo an interest rate hike this month.
Financial technology firm Circle announced on Thursday that the launch of its USD Coin on the Arbitrum platform is June 8. In this new arrangement, USDC issued by Circle will be recognized as the official version within the Arbitrum ecosystem. This addition is expected to gradually replace the currently circulating Ethereum-bridged USDC, improving liquidity over time.
* Loonie rallies 0.9% against the U.S. dollar. * Touches its strongest since May 16 at 1.3434. * Oil settles nearly 3% higher. * Bond yields ease across the curve. By Fergal Smith.
The dollar was on track for its worst
daily loss in nearly a month on Thursday, one day after Federal
Reserve officials indicated that the U.S. central bank was
likely to skip an interest rate hike ...
Argentina's central bank issued new regulation on Thursday that will require provinces with foreign currency debt to obtain their own financing for 60% of capital repayments. The South American country's monetary authority added that the regulation aims to make provincial debt payments "compatible" with the bank's need to manage its foreign currency reserves, according to a statement.
The U.S. stock market rallied on Thursday, as traders revised down their expectations for a Fed rate rise in June, after more dovish-than-expected comments by Fed members in the past days. According to Jefferson, the Fed is expected to keep interest rates steady in June in order to better assess the economic outlook.
First Digital, a Hong Kong-based trust company and authorized custodian, announced the introduction of its new U.S. dollar-pegged stablecoin, which will be governed by regulations in Asia. What Happened: The stablecoin, named First Digital USD or FDUSD, is planned to be fully backed by U.S. dollars or assets of equal fair value, The Block reported from the company's statement.
Latin American currencies rebounded
from near one-month lows on Thursday as upbeat factory activity
data from China boosted sentiment, while the Mexican peso
climbed after the country's central ...
The euro recovered
from a two-month low Thursday after European Central Bank (ECB)
President Christine Lagarde said inflation remained too high and
further policy tightening was necessary.
Data ...
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required