Federal Reserve bids $10B for 10-year notes, and crypto markets should pay attention

The post Euro refreshes monthly low against US Dollar as traders price out dovish Fed bets appeared on BitcoinEthereumNews.com. The Euro (EUR) trades sharply lower against the US Dollar (USD) around 1.1630 during the European trading session on Friday, the lowest level seen in over a month. The EUR/USD pair faces intense selling pressure as the US Dollar (USD) outperforms across the board due to firm expectations that the Federal Reserve (Fed) will not cut interest rates this year. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.32% 0.41% 0.05% 0.20% 0.86% 1.00% 0.25% EUR -0.32% 0.08% -0.26% -0.13% 0.54% 0.72% -0.06% GBP -0.41% -0.08% -0.34% -0.21% 0.46% 0.62% -0.15% JPY -0.05% 0.26% 0.34% 0.16% 0.80% 0.96% 0.20% CAD -0.20% 0.13% 0.21% -0.16% 0.64% 0.78% 0.05% AUD -0.86% -0.54% -0.46% -0.80% -0.64% 0.17% -0.61% NZD

The post Brent: Supply risk keeps prices elevated – Deutsche Bank appeared on BitcoinEthereumNews.com. Deutsche Bank’s macro strategy team notes that Brent Oil remains supported by geopolitical tensions and supply concerns. Comments from President Trump about the Strait of Hormuz have reinforced fears of a prolonged disruption, driving prices higher overnight. While Brent was little changed in the previous session, late gains contributed to a more hawkish repricing of Federal Reserve expectations. Geopolitics and Fed repricing drive Oil “As we go to press this morning, markets have lost momentum after President Trump said the US doesn’t need the Strait of Hormuz open “at all”. So that’s added to fears that the Strait will remain blocked for some time, leading to a more protracted energy shock for the global economy.” “Indeed, Brent crude oil prices are up another +1.21% overnight to $107.00/bbl.” “In the meantime, oil prices were little changed yesterday, with Brent crude (+0.09%) clos

The post Ripple CTO Emeritus Details Hidden Tech Keeping XRP Safe From Big Money appeared on BitcoinEthereumNews.com. The public acknowledgment by Charles Hoskinson, who described the XRPL architecture as “very elegant,” sparked new debates about the network’s actual decentralization. Ripple CTO Emeritus David Schwartz stepped into the discussion to explain how the ledger protects itself from covert capture by large corporations. Schwartz points to a classic paradox – in cryptocurrencies, capital usually rules. Large corporations can afford expensive hardware and entire engineering teams, which is why their nodes and validators operate flawlessly and without interruptions. How XRPL stops big tech from buying out the network According to Schwartz, if the creators of XRP Ledger had focused only on achieving perfect technical stability, the network would have quickly fallen under the full control of a handful of IT giants. To prevent that outcome, Schwartz insists on attracting a large nu

The post Forex Today: US Dollar extends rally on hawkish Fed repricing appeared on BitcoinEthereumNews.com. Here is what you need to know on Friday, May 15: The US Dollar (USD) Index extends its rally and remains on track to post its largest weekly gain in two months as markets reassess the Federal Reserve’s (Fed) policy outlook. In the second half of the day, the US economic calendar will feature Industrial Production data for April and NY Fed’s Empire State Manufacturing Index for May. Following the stronger-than-forecast consumer and producer inflation data earlier in the week, US Treasury bond yields rose sharply and boosted the USD. As of writing, the benchmark 10-year US T-bond yield was sitting at its highest level in nearly a year above 4.5%, while the USD Index was up 1.3% for the week at 99.10. According to the CME FedWatch Tool, markets are currently pricing in about a 50% probability of the Fed raising the policy rate at least once by end-2026. In the meantime, US stock ind

The post US Dollar Index (DXY) rallies above 99.00 amid soaring US yields appeared on BitcoinEthereumNews.com. The US Dollar (USD) is outperforming this week, fuelled by higher US Treasury yields as solid macroeconomic data and high inflationary pressures have boosted expectations of Federal Reserve (Fed) rate hikes later in the year. The US Dollar Index (DXY), which measures the value of the Dollar against a basket of peers, is trading at five-week highs, at 99.20, at the time of writing, on track for its best weekly performance in two months, after rallying about 1.30% in the last five days. US Retail Sales data released on Thursday revealed that consumption remained resilient in April, and weekly Initial Jobless Claims provided further signals of a stabilising labour market, despite the war in the Middle East. Consumer and producer inflation data released earlier in the week, on the other hand, have shown that the impact of the energy shock has been stronger than expected. These fig

Market maker giant Jane Street is again drawing intense attention in crypto markets, with experts claiming the firm’s “next target” may now be Ethereum (ETH).  The speculation comes after reports that Jane Street made several major adjustments to its positions during the week, following months of scrutiny tied to alleged trading manipulation connected to Bitcoin (BTC). From Bitcoin Retreat To Ethereum Expansion Jane Street, one of Wall Street’s most active proprietary trading firms, reportedly reduced multiple Bitcoin-linked holdings in the first quarter (Q1) of the year, while meaningfully increasing its exposure to assets tied to Ethereum. Jane Street’s position in BlackRock’s iShares Bitcoin Trust (IBIT) fell by 71% quarter-over-quarter to about 5.9 million shares, with a reported value near $225 million.  Related Reading: Bitcoin And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet The firm also cut its stake in Fidelity’s Wise Origin Bitcoin Fund (FBTC), where ho

The post Japanese Yen slides to two-week low vs USD as bears retain control appeared on BitcoinEthereumNews.com. The USD/JPY pair touches a two-week high during the Asian session on Friday and looks to extend the weekly uptrend amid a broadly firmer US Dollar (USD). Spot prices remain on track to register strong weekly gains and currently trade just below the 158.50 level, up slightly for the fifth consecutive day. Traders ramped up their bets for an interest rate hike by the US Federal Reserve (Fed) in 2026 following the release of hotter-than-expected US inflation figures earlier this week. Adding to this, US Retail Sales expanded for the third straight month in April, reflecting a robust consumer spending and reaffirming hawkish Fed expectations. This, along with persistent geopolitical uncertainties, lifts the USD to a fresh monthly peak and acts as a tailwind for the USD/JPY pair. Peace talks between the US and Iran remain in limbo amid broader disagreements over Tehran’s nuclear

The post Fed’s Barr: Easing liquidity regulations to reduce Fed balance sheet not advisable appeared on BitcoinEthereumNews.com. Federal Reserve (Fed) Governor Michael Barr said that lowering liquidity rules to get the central bank’s balance sheet smaller is a bad idea and could undermine the safety of the financial ‌system, Reuters reported on Thursday. Key quotes Easing liquidity regulations to reduce Fed balance sheet not advisable.  Reducing liquidity requirements would just heighten stability risks.  Reduced balance sheet may boost funds to Fed liquidity facilities.  Reduced Fed balance sheet would probably boost Fed interventions.  Fed working to shift balance sheet duration to align with broader Treasury market.  Doubtful liquidity coverage ratio adjustment will significantly impact reserve demand.  Monetary policy toolkit has been effective for a long time.  Effective monetary policy execution revolves around rate management.  Generating reserves doesn’t cost the Fed.  Liquidit