Ether falls to two-and-a-half-week low as yields rise
Ether dropped 4.4% to as low as $2,572 as elevated Treasury yields weighed on risk appetite. Analysts said weaker institutional demand and recent spot ETF outflows were adding pressure.
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Dollar gains eyed ahead of Fed minutes
The dollar's recent advance could continue if the Fed minutes show broad support for further rate hikes, according to Infinox's Thadeu Dos Santos. A more cautious readout could reverse the move, while Thursday's jobless claims report is also seen as a possible catalyst.
Global FX, fixed income markets move on fiscal and inflation concerns
The roundup says the Swiss franc remains supported by safe-haven demand, while sterling and gilt yields rise on expectations for Bank of England policy tightening and ahead of the U.K. budget. It also notes euro weakness tied to French fiscal concerns and a Treasury auction under close watch.
Swiss franc rises on safe-haven demand, Rabobank says
Rabobank’s Jane Foley says the franc’s strength amid French fiscal concerns reflects its ongoing safe-haven appeal, citing Switzerland’s surpluses, governance and central bank credibility. The euro fell 0.6% to 0.9308 francs after a 10-week low at 0.9258 on Friday, LSEG data show.