The Digital Yuan, also called e-CNY, became the first CBDC to be issued by a major economy after China launched its trial program in 2021. China has recently announced an expansion of the pilot program into major cities such as Beijing, Tianjin, and Guangzhou. Meanwhile, the West is still playing catch-up. Continue reading China Expands CBDC Pilot as Others Play Catch-Up
The concept of P2P FX has been floating around for years, with new entrants popping up to disrupt the industry, but none have taken off so far. Why is this the case? Continue reading Why Hasn’t P2P FX Taken Off?
“Toronto’s FreshBooks has joined the ranks of Canada’s unicorns with a US$130 million funding round that the accounting and invoicing software startup plans to use to launch an acquisition-fuelled growth strategy. ” (FP)
Continue reading Accounting firm FreshBooks hits unicorn status, plans global growth after raising US$130-million
According to Steve Liesman, the Federal Reserve is working towards easing its pandemic stimulus policies, which could lead to rate hikes even sooner than markets expect. Continue reading Steve Liesman: Major Shift Underway at the Fed
The US Dollar Index (DXY) is holding above 94.00 as of this morning, and there are plenty of reasons to think it is heading higher as we head towards year-end. Continue reading US Dollar Remains Near 2021 Highs Amidst a Confluence of Bullish Forces