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Indonesian Rupiah poised to struggle amid fiscal concerns, regional tensions, stronger USD

USD/IDR halts its four-day winning streak, trading around 18,170 during Asian hours on Tuesday. The pair pulled back after reaching a nearly five-month high of 18,216 on Monday. However, the Indonesian Rupiah (IDR) continues to face downside risks due to growing fiscal concerns.

Euro: Downside bias toward supports against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD failed to hold its recent range, slipping to 1.1172 and reinforcing a short-term downside bias. Intraday, the pair is seen drifting toward 1.1150, with 1.1135 considered a lower but less likely target.

British Pound gains against Japanese Yen ahead of UK Budget

The British Pound (GBP) underperforms its major currency peers, except the Japanese Yen (JPY), on Tuesday. Against the Japanese currency, the Pound Sterling is up 0.18% to near 210.30.

Cryptocurrencies Price Prediction: Dash, Pi Network & Ripple – Asian Wrap 27 October

Dash (DASH), a privacy-focused cryptocurrency, extended its rebound, trading above $54 on Tuesday after gaining over 3% and closing above the key resistance zone the previous day. Improving derivatives metrics and rising social dominance signal strengthening market sentiment.

Dash Price Forecast: Dash holds above EMAs as bullish recovery builds

Dash (DASH), a privacy-focused cryptocurrency, extended its rebound, trading above $54 on Tuesday after gaining over 3% and closing above the key resistance zone the previous day. Improving derivatives metrics and rising social dominance signal strengthening market sentiment.

Market News

Canada Floats 1% Cap on Stablecoin Cash-Outs

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Canada's Oct. 24 proposal would force issuers to cash out retail stablecoin holders at par within three business days, with fees capped at 1% and seven days' notice before any change.

The post Canada Floats 1% Cap on Stablecoin Cash-Outs appeared first on Forex Crunch.

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

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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

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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

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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

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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.

 
 
 

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