Eurozone banks need a digital euro in response to U.S. President Donald Trump's efforts to promote a stablecoin, a cryptocurrency usually pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday. That would help lure more customers away from banks and strengthen the case for the ECB to launch its own digital currency.
Trump will no doubt think that dealing with Putin is now much more difficult than previously thought. Click to view...
The Bank of Japan voted 8-1 to raise interest rates for the third time, saying real interest rates remain negative and will continue to rise as needed. Click to view...
Ted Peake, Morgan Stanley's chief executive, said on Thursday that the bank would work with US regulators to see whether it could engage deeply in the cryptocurrency market. "The key for us is whether we, as a highly regulated Financial Institutions Group, can act as traders," Mr. Peake told CNBC at the World Economic Forum in Davos, Switzerland. "We will work with the Treasury and other regulators to see how we can provide this service in a safe way."
Deutsche Bank pointed out that despite raising its forecast for the average price of oil to..., the forecast already covers these expectations, so the bias remains bearish, and crude oil can only be completely bullish in this case
President Trump has told Russian President Vladimir Putin that tariffs and sanctions will be imposed if no deal is reached.
Jupiter posted on the X platform that more than 2 million eligible wallets are expected to join Jupiverse soon. Previously, the Jupuary airdrop application is expected to open at 23:30 on January 22.
JPMorgan chief operating officer Pinto said the US economy was in good shape but inflation was not as high as it should be and the deficit was too high, warning that inflation and geopolitical factors could undermine the current bullish market sentiment.
According to a report by Jin Ten, Swiss National Bank Governor Schlegel said that he does not see the need to launch a retail central bank digital currency.
On January 22nd, the European Central Bank Governing Council Knott said that the obstacles to another interest rate cut next week are very small. The data is encouraging and confirms that we will return to our target. (Golden Ten)
European Central Bank Governing Council Member Knott said there are few obstacles to another interest rate cut next week. The data is encouraging and confirms that we will be back on target and hope to see the economy recover before making further judgments. (Golden Ten)
Trump says he is not ready to implement universal tariffs to drive up gold prices, but is gold's rally now ready to face a real test?
Investment banks believe that the increase in U.S. crude oil production will be a sustainable demand, but Trump's executive order is actually following the trend.
The offshore yuan rose more than 800 points against the dollar in the day, the latest reading was 7.2588, setting a new high since mid-December last year.
Non-US currencies continued to rise, with the US dollar falling more than 0.50% against the Japanese yen USD/JPY in the day to 155.48. The US dollar fell 1.43 against the Canadian dollar USD/CAD, down 1.27% in the day. The euro rose 1.50% against the US dollar EUR/USD and the Australian dollar against the US dollar AUD/USD.