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Evergrande optimism fails

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Miguel A. Rodriguez
Miguel A. Rodriguez
12 November 2021
Discord shelves idea to bring crypto to its platform.
  • European stocks slipped after data showing a spike in U.S. inflation encouraged bets on interest rate hikes and offset some optimism around property developer China Evergrande and a slew of corporate earnings.
  • Two days after #Discord CEO teased a possible crypto wallet integration, he said there's no plan for now to carry out the idea.
  • #USD rose to 16-month highs against the #EUR and other currencies, and the #JPY fell back towards multi-year lows, after the hottest U.S. inflation reading in a generation encouraged bets on interest rate hikes.

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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.