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PARENTING NET

The IMF warned that the rapid global expansion of dollar-backed stablecoins could undermine monetary sovereignty by accelerating currency substitution. The post IMF Warns Stablecoins Could Erode Monetary Sovereignty Worldwide first appeared on Ecoinimist. source:

CoinLive

IMF Warns Stablecoins Could Erode Monetary Sovereignty Worldwide

.SPX

The U.S. economy is showing signs of strain, with the dollar on track for its biggest annual drop since 2007. Speculation about the next Federal Reserve chair and expected rate cuts by Jerome Powell are influencing markets. Key economic data and earnings reports are anticipated. The Morning Bid podcast has launched, offering market insights. Global events, including Ukraine peace talks, U.S. visa policy changes, and Japan's rate hike plans, are also in focus. The bond market sees mixed reactions, and the EU debates using frozen Russian assets for Ukraine funding.

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S&P 500

Morning Bid: Odd jobs and bondsÂ

China's yuan is gaining traction in international trade, with its use rising and interest in its global role increasing, according to Oxford Economics. Despite modest global gains, the yuan's share in cross-border settlements and local banks' foreign-related transactions has grown significantly. The yuan's appreciation and U.S. policy uncertainty are driving speculation about its global adoption, though it still plays a small role in international payments.

Reuters

SHORT TAKE-China's push to boost yuan's global role quietly gaining traction, says Oxford Economics

Dollar Fades as Bond Yields Fall and Stocks Climb

Barchart Option

Dollar Fades as Bond Yields Fall and Stocks Climb

GBTC

FX option expiries for EUR/USD at the 1.1600 level on 1 December may act as a price magnet, influencing price action during the European session. The risk mood is cautious, with S&P 500 futures down 0.7% and Bitcoin below $90,000, potentially affecting FX safety bids if the selloff intensifies.

Investinglive

Grayscale Bitcoin Trust BTC - ETF

FX option expiries for 1 December 10am New York cut

Hong Kong is committed to becoming a global fixed income and currency center, with the foreign exchange market being a key development area. Hong Kong currently ranks as the 4th largest foreign exchange center in the world, and market participants suggest increasing trading in Asian and emerging market currencies to surpass Singapore. Hong Kong has benefited from the internationalization of the Renminbi, leading to a significant increase in foreign exchange trading volume. Experts believe that Hong Kong is likely to surpass Singapore and become a global currency center

Stheadline

The offshore foreign exchange market hopes to shake up the Lion City, and it is advisable to actively trade Asian and emerging currencies "to weather the storm and open the market."