Improved diplomatic signals in the Middle East have buoyed risk sentiment, which has weakened the US Dollar and supported Asian foreign exchange markets. US front-end yields remain high and continue to provide support for the Dollar, with the US 2-year yield still above the effective Fed funds rate, though it has eased. Bond markets continue to show caution around the de-escalation narrative. Asian currencies have rebounded as markets price in a quicker resolution, but recent gains may be exposed if diplomacy stalls. Risk Sentiment And Dollar Dynamics If there is...
Grinex, a US-sanctioned cryptocurrency exchange registered in Kyrgyzstan, said it’s halting operations after experiencing a $13 million heist carried out...