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...There is a limited, if admittedly growing, data set on zigzags and U-turns in policy and technology....
...Bloomberg is reporting that Binance is suffering outflows, but BNB, Binance’s magic bean token, is only down 6 per cent today, which all things considered counts as heroic resilience....
...“The BoI did a pretty good job defending levels beyond 4.00 per US dollar and the disclosure of central bank FX [currency] intervention firepower managed to suppress speculative short shekel flows,” said...
...Reserves for PayPal USD are fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal at a rate of $1.00 per PayPal USD....
...investors from 12 May, 2022 and, the subscription, redemption and the determination of the Net Asset Value of the Shares of all the Classes within all Segregated Portfolios of the Fund effective from 04:00...
...Japan’s yen and South Korea’s won lost 0.2 per cent and 0.6 per cent to trade at ¥133.00 and Won1,313.40 per dollar, respectively....
...Specifically, between 1:23 pm ET and 4:00 pm ET, Hedge Fund A synthetically sold short 93,096 MEDP shares for approximately $5.2 million....
...Those net zero U-turns could also raise household bills, according to the parliament’s Climate Change Committee....
...“I don’t know if [the new policy] is really a U-turn or if it’s a detour,” Demiralp says....
...We see the USD/CNY cross at 7.30, 7.20, 7.00 in 3-, 6- and 12-months, respectively....
...This would place the peak rate for the cycle at 5.6% at end-2023, broadly consistent with revisions to the inflation projection....
...Head Lines [Hi-res] 6. Hit The Right Notes (Music Round) So we did a music round....
...and traditional currencies....
...The 10-year gilt yield fell 0.14 percentage points to 3.95 per cent, having reached a high of almost 4.6 per cent during last week’s market ructions....
...But they also have a desire to diversify from any dependency on the world’s most popular reserve currency, the US dollar....
...It also restricts stablecoin issuers on how many tokens they can issue if they are not denominated in euros or other EU currencies and introduces a transaction value cap of 200m euros per day for non-euro...
...Elsewhere in currencies, the Japanese yen weakened to ¥149.07 against the dollar, a 32-year low. The US dollar index, which measures the currency against a basket of rivals, slipped 0.8 per cent....
...Tesla stock fell 6.7 per cent after its revenues fell short of expectations for the most recent quarter....
...A bond investment enables the IFC to provide funding in local currency....
...Sunak’s fiscal policy U-turns have stabilised the gilt market, but also seen the return of a more typical correlation, where lower bond yields relative to those in other economies tends to weaken the currency...
...Huge moves in currency markets look set to provide one group of hedge fund managers with a rich seam of trading opportunities again....
...Physical cash is truly anonymous and, indeed, this may account for the fact that 80.2% of the value of U.S. currency is in $100 notes....
...Markets had in recent weeks been bracing for rates to soar above 6 per cent by May next year as the central bank tried to offset the inflationary implications of Kwarteng’s borrowing plans and to bolster...
...This made this account the sixth-largest holder of UST as of Friday, May 6 (excluding protocols, bridges, and wallets held by Terraform Labs)....
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