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Inflation on, fear off

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Miguel A. Rodriguez
Miguel A. Rodriguez
11 červen 2021
Bank rules push bitcoin, not blockchain, to fringe.
  • #Stocks on Wall Street hit a record high and core government debt was steady as investors brushed aside the biggest jump in US inflation since the financial crisis.
  • The Basel Committee on Banking Supervision has weighed in on #cryptocurrencies. Punitive new proposals from the standard-setting body may ensure bitcoin remains in the fringes of regulated finance.
  • The dollar hovered near a five-month low versus major peers as investors looked to U.S. inflation data and a European Central Bank meeting later in the day to provide a spur for lacklustre #currency markets.

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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.