Euro Stablecoin Interest Frozen as ECB Deposit Rate Hits 2.5%
ECB raised its key rates by 25bp to 2.5%, but euro stablecoin holders see no benefit as MiCA bans interest payments.
China's private manufacturing PMI is due today, following official PMI data from the previous day.
On the preceding day, official purchasing managers' indexes from China were published:
Scheduled for today is the private-sector manufacturing PMI survey conducted by Rating Dog and S&P Global.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
ECB raised its key rates by 25bp to 2.5%, but euro stablecoin holders see no benefit as MiCA bans interest payments.
US Treasury sold $22 billion in 30-year bonds at a high yield of 5.308%, with strong international demand.
The US dollar has stalled for a month; a weak dollar could raise import costs for American consumers.
US producer prices rose 0.4% in August, pushing gold and bitcoin lower as rate hike expectations increased.