Inflation anxiety triggered a sell-off in global stock markets with the Fed expected to ramp up their interest rate hike path yet the dollar did not benefit as higher rates have already been priced in by the market.
In this second installment of our miniseries on “Demystifying Cryptocurrencies, Blockchain-based Applications and Opportunities in the B2B Payments Space,” we will address how a decades old "messaging service" — SWIFT — is likely to be displaced for good by blockchain applications.
The U.S. dollar had its strongest week against major currency pairs in twelve months. Even as the United States is suffering a bout of political uncertainty, the dollar became a safe haven as stocks and bonds saw massive moves this week.
The first installation in this blog miniseries in partnership with Ripple, the Solutions for Business team at OANDA will demystify the world of cryptocurrencies and present corporate audiences with the benefits and opportunities of B2B blockchain-based payment applications.
The release of the U.S. nonfarm payrolls proved to be the much needed shot in the arm after the greenback was under pressure for most of 2018. Job gains surpassed expectations but more importantly the hourly wages came in higher, giving the Fed a potential green light to hike 3 or 4 times in 2018.