Market News

Nephos has agreed to attest the reserves backing Agant’s pound-pegged GBPA stablecoin, adding independent verification to sterling-denominated crypto.

Silver posted a fresh six-week high, outpacing gold’s own rally as weak US jobs data pushed the dollar to a seven-week low.

USD/CAD and USD/CHF are both trading lower this week, tracking broad dollar weakness following disappointing US employment data.

The Australian dollar is showing strong risk-on momentum this week as the Nasdaq 100 resumes its bullish trend and the US dollar weakens broadly.

GBP/USD gained alongside most majors as the dollar retreated broadly, though the move appears driven by dollar weakness rather than fresh UK catalysts.

USD/JPY slipped toward 157.80 amid broad dollar weakness, though the pair remains under close watch given lingering intervention risk.

EUR/USD is trading firmly above 1.1550, benefiting from broad dollar weakness following a disappointing US jobs report.

Gold and silver added a combined .7 trillion in value during their latest rally while bitcoin barely moved, with some pointing to yen-related dynamics as a factor.

Goldman Sachs is pushing back on claims that the dollar’s global dominance is structurally under threat following recent currency intervention headlines.

The US reportedly sold euros to help fund its yen intervention, a move BlackRock says carries genuine geopolitical risk after Europe learned of it after the fact.