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Saudi Arabia’s exit leaves mBridge running without its western architects
Saudi Arabia's central bank has left mBridge, the China-led cross-border CBDC payments platform, after its proof of concept and the BIS's 2024 exit.
Brazil bars stablecoins from eFX settlement leg under Resolution 561
Brazil's central bank bars stablecoins from the wholesale eFX settlement leg from 1 October 2026 under Resolution 561, while individual crypto transfers remain permitted.
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USD/JPY Outlook: Sellers Dominate on Intervention Risk, Hawkish BoJ
The USD/JPY outlook remains strongly bearish as intervention risks, a hawkish BoJ, and a weaker dollar ignite a reversal. The report of the NY Fed verifying USD/JPY levels with the dealers was considered a hint of intervention. Markets await the FOMC rate decision and Japan’s key data releases for more trading opportunities. The USD/JPY price...
USD/CAD Forecast: Bearish Under 1.38 Amid Stable WTI & Improved Risk, US PMI Eyed
The USD/CAD forecast remains strongly bearish under 1.3800 as the geopolitical risks ease. Upbeat US GDP data failed to sustain buying pressure for the US dollar. Stable oil prices and receding oversupply concerns continue to support the loonie. USD/CAD has stabilized around 1.3790 after snapping a four-day losing streak, as the US dollar finds a...
