Bets on more Ether gains are intensifying following a surprise US regulatory pivot toward allowing exchange-traded funds for the digital asset, even as questions swirl about the strength of demand for the products.
(Bloomberg) Bets on more Ether gains are intensifying following a surprise US regulatory pivot toward allowing exchange-traded funds for the digital asset, even as questions swirl about the strength of demand for the products.Most Read from BloombergSevere Turbulence Leaves 12 Injured on Qatar Airways FlightXi’s China EV Dream Came True. 10 Years On, Walls Are Going UpMusk’s xAI Raises $6 Billion in Bid to Challenge OpenAIFed’s Favorite Underlying Inflation Gauge Is Seen CoolingChina’s Housin
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The dollar was on the back foot on Monday after a mixed U.S. jobs report provided little directional conviction and as market focus turned to inflation data from the world's two largest economies due this week. While the dollar fell to a one-week low against a basket of currencies in the aftermath of the data, its losses were capped as the report pointed to a still-tight labour market, suggesting the Federal Reserve may need to keep rates higher for longer. "There was a narrative in there for everyone, depending on your bias," said Pepperstone's Head of Research Chris Weston of the jobs report.