The Commerce Department will remove restrictions on Fable, reversing a prior suspension of global access for non-US users. The US Commerce Department is expected to lift export controls on Fable’s AI models tonight, according to officials. The move reverses a recent ban th
The IMF forecasts New Zealand inflation to peak near 4% mid-2026, delaying recovery and complicating RBNZ policy decisions. New Zealand’s inflation is projected to rise to around 4% in mid-2026 before easing in 2027, according to the IMF’s latest assessment. The surge, dri
OCBC analysts say the baht's recovery remains limited without a broader decline in the USD amid equity outflows and central bank caution. The Thai baht’s recent rebound has stalled near 33.40 against the USD, encountering interim resistance after a sharp rise. Analysts not
Macquarie upgrades Visa and Mastercard to Outperform, citing the Open USD stablecoin's 140+ partners as a growth driver. Macquarie labeled the launch of the Open USD (OPEN-USD) stablecoin as a constructive development for Visa (V) and Mastercard (MA). The stablecoin has se
Sellers reasserted control after buyers briefly pushed the pair past the 38.2% retracement but failed to sustain momentum. The GBPUSD pair retreated after briefly breaking above the 38.2% retracement level at 1.32629, reaching a session high of 1.3276. Buyers initially def
The new stablecoin allows unlimited minting and redemption at no cost, targeting corporate adoption later this year. Open Standard launched OPEN-USD, a stablecoin enabling businesses to mint and redeem tokens without fees or volume restrictions. The company said the produc
BTC falls near $58,000 amid a surging US dollar, pressuring top buyers and raising concerns over a potential breakdown below key support. Bitcoin (BTC) dipped toward $58,000 as the US dollar surged to its highest level against the Japanese yen since 1986, adding downward p
BlackRock, Coinbase, and Mastercard among partners for fee-free stablecoin governed by independent entity Open Standard. More than 140 companies, including BlackRock, Coinbase, Mastercard, and Visa, have joined Open USD (OUSD), a new stablecoin set to launch in 2026. The i
The move would cut bank income by forcing more zero-yielding cash holdings at the central bank without altering policy rates. The European Central Bank is considering raising minimum reserve requirements for euro-area banks to 2% from the current 1%, reducing interest earn
Euro trims losses against the US Dollar, but Fed rate-hike bets keep gains in check. The Euro (EUR) stages a rebound against the US Dollar (USD) on Tuesday as month-end repositioning weighs modestly on the Greenback, limiting support from upbeat US economic data At
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