Month: June 2021

US dollar in calm waters

Currency markets contented themselves with some consolidation after Friday’s impressive rally. Major currencies traded sideways with UK markets ignoring the extension of pandemic restrictions. The dollar index was almost unchanged at 90.50, where it remains this morning, with EUR/USD at 1.1215 and GBP/USD at 1.4115. One notable move was...
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China Is Now Paying Xiong’an Builders Using Digital Yuan

China has accelerated its developments and advancements in the blockchain space and has been vocal about the technology. The country is gradually rolling out its central bank digital currency (CBDC), the digital yuan, and it is also on the right track to roll out the first-ever government-issued digital currency for...
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