Macro

Goldman Sachs expects China’s yuan to strengthen to 6.40 per dollar within a year, from around 6.69 now. Its top currency strategist says forward markets have not caught up to that view. Kamakshya Trivedi is Goldman’s global head of FX, rates and emerging markets strategy research. He puts the yuan’s undervaluation at 20% to 25%…

Cleveland Fed President Beth Hammack said that restrictive monetary policy is appropriate to return inflation to 2%. She also favors making smaller rate adjustments quickly rather than waiting and risking a larger correction later. Rate futures now point to a hike in December, and the US dollar sits near an 18-month high. Meanwhile, Bitcoin (BTC)…

The S&P 500 yield spread fell to -1.5 points, below Treasuries. Here's what a negative equity risk premium means. The post Less-Risky Treasuries Now Pay Better Than S&P 500 as Yield Spread Hits -1.5% appeared first on BeInCrypto.

The dollar hit an 18-month high as traders bet on a December Fed hike. See what Wednesday's CPI could change. The post US Dollar Hits 18-Month High: What It Means for Bitcoin and Stocks appeared first on BeInCrypto.

EUR/USD sank to a 17-month low near 1.11. See why the euro keeps losing to the dollar and which levels matter next. The post EUR/USD Hits 17-Month Low Near. Why the Euro Keeps Losing to the Dollar appeared first on BeInCrypto.

The US Dollar Index (DXY) held around 102.2 early Monday, close to the 18-month peak it reached last week. Investors have stayed cautious as the Middle East conflict escalated ahead of key US inflation data. Analysts disagree on whether the rally now stalls at a long-term trendline or extends a multi-year uptrend. Chart Watchers Split…

Citi expects the US Treasury to cut long bond sales and borrow short. Here is what it means for debt costs and crypto. The post The US Treasury Is About to Try a Risky Strategy With Its Debt. Will Crypto Markets Feel It? appeared first on BeInCrypto.

Money market funds pulled in $166 billion in a week as bond yields hit 24-year highs. See what spooked investors. The post Money Market Funds Just Drew $166 Billion: What Spooked Investors? appeared first on BeInCrypto.

US interest now takes over 1 in 5 tax dollars, and the 24-year-high yield spike has yet to fully hit the budget. The post 1 in 5 US Tax Dollars Are Now Funding Interest and Yields Keep Rising appeared first on BeInCrypto.

Fed hike odds fell to 18% while cut odds sit at 0%. See what an October hold could mean for Bitcoin price. The post Fed Hike Odds Drop to 18%, Cuts at 0%: What a Hold Means for Bitcoin appeared first on BeInCrypto.