Unexpectedly strong dollar and misfiring ‘carry trades’ fuel 4.4% loss
Efforts by president-elect Claudia Sheinbaum to steady markets enjoy limited success
Plus, the dark side of tokenisation and two arrests
Chair Thomas Jordan signals SNB is ready to intervene in currency markets to stem gains in the franc
Lenders robbed at gunpoint lose $120mn as Palestinians queue for days to rescue their own cash
The financial industry needs to think of resilience as much as efficiency when putting real-world assets on to blockchains
Advanced economies’ central banks expect the metal’s share of global reserves to rise at the expense of the dollar
Buying the discount chain was meant to boost performance over rivals but instead it has become a profit drag
China’s reliance on exports is set to fan the flames of protectionism elsewhere
Cryptocurrency exchange appoints local delegate to face charges of unpaid duty
Plus, updates on TerraForm Labs and ether ETFs
Washington’s latest curbs force transactions in dollars or euros off central exchange
Global demand for the US currency remains extremely robust while appetite for the renminbi has soured
Crypto company will be put ‘out of business for good,’ agency tells court in proposed resolution
Global central bank holdings of the single currency fell by €100bn last year, the European Central Bank said in a report
More reforms are needed if the euro is to maintain and strengthen its role amid geopolitical shifts
Chief operating officer Céline Dufétel to depart what was once Europe’s most valuable start-up
Foreign buyers attracted to the local currency debt of former pariahs such as Kenya and Pakistan
Finance minister dubs snap poll ‘most consequential’ in history of Fifth Republic
Don’t greenback in anger
Plus, updates on Binance and Robinhood
US retail broker targets overseas and institutional markets with digital assets deal
Leveraged and inverse products from Volatility Shares and ProShares get green light, while physically backed funds wait
Elevated interest rates spur demand, despite calls from some countries to move away from US currency
Recent launches of the first bitcoin and ethereum products in London underline growing competition
International Edition