Euro extends its slide as US surveys top Europe's strong reading

Europe's September business surveys were the strongest since April 2023, and the Euro fell to its lowest since late July on the day they came out. The eurozone's flash Purchasing Managers Index (PMI) composite reading came in at 53.1 against a 51.5 forecast, with services at 53 against 51.7.

British Pound sells off hard as US surveys outpace the UK's

Wednesday's flash Purchasing Managers Index (PMI) surveys showed US business growing at its fastest pace since July 2021 and British business slowing.

Ethereum Price Forecast: ETH takes a breather at $2,700 as activity, leverage stays calm

Ethereum (ETH) declines 3% below $2,700 on Wednesday, as the crypto market takes a breather from recent price surges.

GBP/JPY Price Forecast: Bears press 209.00 as downtrend deepens

The GBP/JPY pair extends its losses on Wednesday to two straight trading sessions, down over 0.17% and trading near the week's lows, with 209.40 seen as the first support level before sellers push prices lower.

Australia unemployment rate expected to remain unchanged at 4.5% in August

Australia will release the August monthly employment report on Thursday at 01:30 GMT. Ahead of the announcement, analysts expect the country to have added 20K new jobs in the month, while the Unemployment Rate is expected to remain steady at 4.5%.

Brussels and Washington’s stablecoin rulebooks edge closer as the ECB targets MiCA’s deposit rule

The ECB and EU central banks want MiCA's 30%/60% stablecoin bank-deposit rule scrapped for liquidity thresholds, moving closer to the US GENIUS Act if adopted.

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ECB to invest part of its own funds in tokenised securities

The ECB is preparing to put part of its own funds into tokenised securities settled in central bank money via Pontes.

The post ECB to invest part of its own funds in tokenised securities appeared first on Forex Crunch.

Saudi Arabia’s exit leaves mBridge running without its western architects

Saudi Arabia's central bank has left mBridge, the China-led cross-border CBDC payments platform, after its proof of concept and the BIS's 2024 exit.

The post Saudi Arabia’s exit leaves mBridge running without its western architects appeared first on Forex Crunch.

Brazil bars stablecoins from eFX settlement leg under Resolution 561

Brazil's central bank bars stablecoins from the wholesale eFX settlement leg from 1 October 2026 under Resolution 561, while individual crypto transfers remain permitted.

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SEC clears onchain trading of tokenised US stocks under five-year exemption

The SEC's Innovation Exemption lets qualified venues trade tokenised NMS stocks onchain via permissioned AMM pools for five years.

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