In the days after Hong Kong passed a bill to regulate stablecoins on May 21, people in the industry celebrated the government’s forward-looking stance on the cryptocurrency assets, but its stringent requirements – similar to how it regulated other virtual assets – could be a double-edged sword in the near term. “Regular independent audits and…
The US dollar plunged to a three-year low on Monday following a fresh wave of criticism from President Donald Trump targeting Federal Reserve Chair Jerome Powell, raising concerns over the central bank’s independence and denting investor confidence in the US economy. The dollar index, which measures the greenback against a basket of major currencies, fell…
You wouldn’t be an economics forecaster for quids. Well, maybe you would, given the money they make, never even blinking about their frequent and sudden about-turns. A couple of months back, when the Australian dollar burst through 0.69 US cents, there was no shortage of highly paid currency traders and economists predicting a quick flirtation…