The U.S. dollar snapped a three-day winning streak against the euro and Swiss franc, as markets eyed a barrage of comments from Federal Reserve officials about its latest monetary policy stance.
Crypto custody firm BitGo has filed for a US initial public offering, aiming to capitalize on the renewed institutional demand for digital asset infrastructure under the Trump administration. The firm aims to list its Class A common stock on the NYSE under the ticker symbol “BTGO”
Oracle is in talks with Meta for a multi-year cloud computing deal worth about $20 billion, underscoring the social media giant’s drive to secure faster access to computing power.
The dollar strengthened to end last week, extending its rebound against most major currencies, as traders reviewed the near-term outlook after the Federal Reserve cut interest rates this week but signaled gradual easing in the future.
The Bank of England slowed the pace of its programme to run down its government bond stockpile and skewed sales away from long-dated debt in a bid to minimise the impact on volatile gilt markets. The central bank kept its main interest rate on hold at 4% after August’s quarter-percentage-point cut, as expected.
The U.S. dollar strengthened against most major currencies, a day after the Federal Reserve delivered an expected rate cut but signaled little urgency to lower borrowing costs quickly in the coming months.
