Using data on four USD-pegged stablecoins and 27 fiat currencies, this paper documents spillovers from stablecoin-based foreign exchange (FX) to traditional FX markets. We document a gap between the ...
Sterling turned higher after initial falls following the BOE vote to leave interest rates unchanged. Switzerland cut rates to zero to rein in the rapidly appreciating franc, which has acted as a safe ...
The dollar rose as the intensifying Middle East conflict boosted safe-haven assets and energy prices. The Indian rupee and most other Asian currencies weakened against the dollar amid worries over ...
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