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Forex Daily

Oil: Hormuz risks and freight costs drive prices higher – Rabobank

Rabobank strategist Molly Schwartz discusses conflicting narratives around Iran-related tanker damage in the Strait of Hormuz and rising Oil flows from the Persian Gulf.

British Pound steadies near one-month highs despite downbeat UK Retail Sales data

The British Pound (GBP) is trading practically flat against the US Dollar (USD) on Friday, hardly affected by the weak retail consumption data released earlier in the day.

BoJ: Japan's financial system has been maintaining stability on the whole

The Bank of Japan (BoJ) semi-annual Financial System Report released on Friday showed that Japan’s financial system has been maintaining stability on the whole.

Retail sales fall 0.4% as consumers tighten their purse strings

September’s fall in retail sales points to a consumer backdrop that remains fragile, with confidence wavering as households contend with rising prices and the prospect of higher borrowing costs.

Why is ZEC price back in focus as ETF inflows and NU7 support demand?

Zcash is attracting renewed market attention as institutional flows and the upcoming NU7 network upgrade support interest in ZEC.

Market News

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

Stylised navy illustration of a vault door with blue and amber market-data arrows flowing toward it, symbolising regulated digital asset custody

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

Illustration of a euro banknote under glass beside a balance scale and flow arrow, symbolising a new tax checkpoint for stablecoin conversions

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.

Tether says Iran-linked USDT volumes fell 94% after freezes

Stylised illustration of a frozen wallet block contained within a blue pane on a dark financial terminal backdrop

Tether CEO Paolo Ardoino says wallet freezes cut Iran-linked USDT volumes 94%, rebutting a Senate report on shadow banking flows. He posted the figures on 19 October.

The post Tether says Iran-linked USDT volumes fell 94% after freezes appeared first on Forex Crunch.

EBA classifies Circle’s USDC as EU’s first ‘significant’ e-money token under MiCA

Stylised illustration of a regulatory oversight handover over abstract market depth bands, in navy, blue and amber

The EBA has classified Circle's USDC as the EU's first significant e-money token under MiCA, with joint EBA-ACPR supervision from 12 November 2026.

The post EBA classifies Circle’s USDC as EU’s first ‘significant’ e-money token under MiCA appeared first on Forex Crunch.

BIS paper: banks can slow stablecoin growth by paying savers more

Stylised financial-terminal illustration of money flow between bank deposits and stablecoins

A BIS working paper finds a one basis point rise in bank deposit rates cut ten-week stablecoin growth from about 15% to about 12%, with USDC more sensitive than USDT.

The post BIS paper: banks can slow stablecoin growth by paying savers more appeared first on Forex Crunch.

 
 
 

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