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Trump to the BRICS: “Don’t muscle in on my currency turf.”

The expansion of the BRICS alliance has been happening without any noticeable concern by the outgoing Biden-Harris administration. I heard no mention of BRICS by former Democratic presidential candidate Kamala Harris during her 2024 campaign. As potential de jure head of state, one would think that both her and the presumptive president-elect, Donald Trump, would … Continue reading Trump to the BRICS: “Don’t muscle in on my currency turf.”

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Does making bitcoin a reserve asset increase transactional activity in the U.S.?

Former U.S. president Donald Trump made the crypto industry a promise; that he would consider creating a fund that holds bitcoin as a reserve asset [1]. A number of states including Pennsylvania are reportedly considering similar proposals for incorporating state bitcoin ownership as a part of their state fiscal policies [2]. U.S. Senator Cynthia Lummis, … Continue reading Does making bitcoin a reserve asset increase transactional activity in the U.S.?

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The Interbank Market: The Ghanaian cedi continues its appreciation against the dollar.

Liquidity Foreign exchange, algorithmic trading, volatility. Financial markets have become more susceptible to liquidity shortages with the rise of algorithmic trading and increased market fragmentation, according to the Bank for International Settlements. Foreign-exchange trading, meanwhile, proved more resilient potentially due to measures taken to curb unwanted behavior from high-frequency traders. Yahoo!Finance. Excess liquidity. Thailand’s banking … Continue reading The Interbank Market: The Ghanaian cedi continues its appreciation against the dollar.

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The Interbank Market: Decreasing amount of bitcoin meets liquidity crunch.

Liquidity Bitcoin. Bitcoin’s nascent DeFi scene is getting a lot of excitement, with proponents saying that it will ultimately unlock more than $1 trillion in idle capital that currently does nothing more than act as a store of value. Analytics Insight. Bitcoin. Bitcoin’s price trajectory has reached new heights, nearly hitting the $100,000 mark post-election, … Continue reading The Interbank Market: Decreasing amount of bitcoin meets liquidity crunch.

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The Interbank Markets: From Trump effect to the Trump hedge.

Nigeria, naira, foreign exchange. The Central Bank of Nigeria has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange Matching System, mandating a minimum trade value of $100,000. The directive, dated 25 November 2024 and signed by Dr Omolara Duke, CBN’s Director of the Financial Markets Department, is part of efforts … Continue reading The Interbank Markets: From Trump effect to the Trump hedge.

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Interbank and Liquidity News Scan: Kashkari is open to a December rate cut.

Kashkari. Interest rates. Federal Reserve Bank of Minneapolis President Neel Kashkari, typically on the hawkish end of the U.S. central bank’s policy spectrum, said on Monday he is open to cutting interest rates again next month. Reuters. Trump. Tariffs. Markets. The dollar rallied on Tuesday, while European shares fell, after U.S. President-elect Donald Trump pledged tariffs on … Continue reading Interbank and Liquidity News Scan: Kashkari is open to a December rate cut.

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Interbank and liquidity news scan: Will we see an increase in the use of digitized assets as collateral? And, good-bye, Gary Gensler.

Board of Governors. Dual Mandate. The Federal Reserve on Friday announced additional information about the periodic review of its monetary policy strategy, tools, and communications—the framework it uses to pursue its congressionally-assigned goals of maximum employment and price stability. Federal Reserve System. Commodity Futures Trading Commission. Digitized tokens. The Commodity Futures Trading Commission’s Global Markets … Continue reading Interbank and liquidity news scan: Will we see an increase in the use of digitized assets as collateral? And, good-bye, Gary Gensler.

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Interbank market and liquidity flow scan: The pound firms up against the dollar.

Media scan British pound. US dollar. Scott Bessent. Sterling was on track to snap a three-day losing streak on Monday, as the dollar’s slide after the selection of fund manager Scott Bessent as U.S. Treasury Secretary lent support to most major currency pairs. Reuters. U.S. dollar. The dollar retreated on Monday after a stellar run … Continue reading Interbank market and liquidity flow scan: The pound firms up against the dollar.

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Interbank and Liquidity News Scan: African leaders still show enthusiasm for China even as financing has decreased.

Media Scan Tether. Cryptocurrency. U.S. President-elect Donald Trump’s pick for Commerce secretary, Howard Lutnick, is in talks to deepen his financial ties with the company operating the world’s largest stablecoin, Tether, by launching a $2 billion project to lend dollars to clients against bitcoin, Bloomberg News reported on Sunday. Reuters. Foreign exchange. Fund inflows. America’s … Continue reading Interbank and Liquidity News Scan: African leaders still show enthusiasm for China even as financing has decreased.