Equities: Global stocks under pressure ahead of tech earnings - Deutsche Bank

Deutsche Bank strategists highlight pressure on global equities, with AI-related weakness dragging down US technology stocks and credit spreads widening for selected firms. European markets also suffered losses, while Asian indices showed a mixed performance.

US Dollar Index Price Forecast: DXY holds bullish bias above 101.50 ahead of FOMC

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts some dip-buyers near the 101.60-101.55 region on Monday and looks to build on Friday's recovery from the vicinity of a three-week low.

Euro outperforms major currency peers as French bond yields cool down further

The Euro (EUR) outperforms its major currency peers at the start of the week, trading 0.25% higher to near 176.10 against the Japanese Yen (JPY) during the European session.

Canadian Dollar: BoC rate hike bets boost support against USD - BBH

Brown Brothers Harriman’s (BBH) Elias Haddad expects the Bank of Canada (BoC) to begin a new tightening cycle with a 25bps hike to 2.50%, citing rising inflation risks.

Key event of this week: The Fed policy meeting

Thursday’s tech sell-off eased on Friday (-0.2% for the Nasdaq). Value bore the brunt now: the DJI slid 1.2%. Equities in the euro are fell more than 1% but pared losses to 0.3% in the close.

SoFi launches SoFi Earn, a tokenised deposit paying 4.40% APY with FDIC protection

SoFi launched SoFi Earn (SOFIE), a tokenised bank deposit paying 4.40% APY with FDIC protection, convertible one-to-one into its SoFiUSD stablecoin.

The post SoFi launches SoFi Earn, a tokenised deposit paying 4.40% APY with FDIC protection appeared first on Forex Crunch.

Bank of Korea plans forex law amendment covering stablecoins as payment means

The Bank of Korea will draft a Foreign Exchange Transactions Act amendment covering stablecoins as payment means by year-end, while Korea's 2027 crypto tax faces a fresh review.

The post Bank of Korea plans forex law amendment covering stablecoins as payment means appeared first on Forex Crunch.

OCC final GENIUS Act rule drops affiliate rewards presumption but keeps stablecoin yield ban

The OCC's final GENIUS Act rule drops the affiliate rewards presumption but keeps the stablecoin yield ban, effective 18 January 2027, with no grandfathering.

The post OCC final GENIUS Act rule drops affiliate rewards presumption but keeps stablecoin yield ban appeared first on Forex Crunch.

Ramp applies for OCC trust bank charter as ICBA sues over crypto trust charters

Ramp has asked the US regulator for a national trust charter to custody digital assets, filed weeks after community bankers sued over crypto trust charters.

The post Ramp applies for OCC trust bank charter as ICBA sues over crypto trust charters appeared first on Forex Crunch.

France votes to end stablecoin tax deferral from January 2027

France's National Assembly voted 38-37 to end tax deferral on crypto-to-stablecoin swaps from January 2027, under the 31.4% capital gains levy.

The post France votes to end stablecoin tax deferral from January 2027 appeared first on Forex Crunch.