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| Three major banks confirm that they won't allow cryptocurrency transactions with their credit cards Three major banks have said that they won't allow cryptocurrency purchases on their credit cards, according to a report from Bloomberg. Bank of America, JP Morgan Chase and Citigroup each confirmed to Bloomberg that they were halting transactions involving digital currency with their credit cards, ...
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| Dollar steadies as US jobs data fan inflation expectations, send bond yields up The jobs report provided a welcome relief for the greenback, which had slipped to a three-year low of 88.438 late in January on a range of factors including concerns about U.S. trade protectionism and perceptions of narrowing yield advantage. The U.S. currency dipped 0.25 percent to 109.925 yen as ...
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| Changing Fortunes In The Capital Markets Or Long-Overdue Correction? Price action lends credence to idea U.S. dollar was used as a funding currency to buy risk assets. Rising U.S. yields - partly a supply and partly a function of higher inflation expectations - make it increasingly expensive to use the dollar as a funding currency. Mild economic calendar in the week ahead, ...
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