Currency Market - The Indian rupee fell to an all-time low against the US dollar this week [1] - India's central bank has been intervening, achieving the most gains since May [1] Central Bank Intervention - The report questions whether the Reserve Bank of India's (RBI) efforts are sufficient [1]

Crypto and US Dollar Strategy - The Trump administration's crypto strategy may aim to strengthen the US dollar by expanding its reach in the digital economy through dollar-backed stablecoins [1] - World Liberty Financial (WLFI), co-founded by Trump's sons, is driving this initiative with its USD1 stablecoin, which is backed one-to-one by US treasuries, dollar deposits, and cash equivalents [1] - USD1 offers regulatory certainty as a US-compliant stablecoin, potentially attracting institutions and individual investors [1] - Stablecoins like Tether (USDT) and Circle (USDC) already significantly support the US dollar by holding large amounts of treasury bills [1] - 80% of all stablecoin transactions occur outside the US, effectively increasing the demand for dollars globally [1] - The Genius Act, signed into law in July 2025, sets strict rules for stablecoin issuers, requiring them to be backed by US dollars, cash equivalents, or short-term US treasuries, further supporting the US dollar [22][23] Controversies and Conflicts of Interest - MGX, a UAE-based investment fund, invested $2 billion in Binance using USD1, significantly boosting USD1's market cap [4] - A Trump-controlled entity owns about 38% of World Liberty Financial, raising conflict of interest concerns due to the potential profits generated from USD1's yield [6][7] - Critics argue that the deal invites foreign influence, as foreign parties could potentially buy favor with Trump through investments in World Liberty Financial [15] - Allegations arose that Binance helped write USD1's smart contract code and that CZ sought a presidential pardon from Trump, although both parties denied any quid pro quo [12][13][14]

full blurb by @chamath:"This is the absolute biggest risk. Both of you guys nailed it on the head. In the future when you have these really powerful models, the reality is the incentive for governments to try to infiltrate the information cycle. They will not be able to hold themselves back. And then what comes with that is a lack of privacy, a total loss of privacy and then a push towards censorship. So as these AIs become more powerful, we have to marry it with a set of technologies that can preserve priv ...

JUST IN: 🇨🇳🇺🇸 China's state-owned banks are reportedly buying the US dollar. https://t.co/xNPAKKbH1T ...

A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it. >> At the October 29th FOMC meeting, Fed Chair Jerome Powell made comments that convinced the market that a December rate cut was no longer a done deal.Powell noted that the absence of reliable data, created high uncertainty, and suggested the situation may favor caution when it comes to further eases. The futures markets believed him. Odds for a December rate cut plunged from over 90% to below 50% in t ...

Chatter about the future of Asian trade and the prominence of the US dollar dominated discussions at this year’s Bloomberg New Economy Forum in Singapore; this week’s Singapore Edition newsletter rounds up the takeaways https://t.co/GZhYZqr5ZQ ...

Is the world moving away from the US dollar as the main reserve currency? And is there a viable alternative?@Ruth_Liew10 explains the consensus on the ground on de-dollarization at the Bloomberg #NewEconomyForum: https://t.co/r78fnAXJwY https://t.co/xA8WkAG0QF ...

Doubts surrounding the US dollar’s position as the pre-eminent currency of global finance are overblown, according to GIC's Lim Chow Kiat and Franklin's Jenny Johnson https://t.co/siUtRubDs8 ...

The head of Jack Dorsey-backed Yellow Card said African nations are among the world’s top adopters of stablecoins as global trade shifts away from a reliance on the US dollar https://t.co/5lTMImGahx ...

Dollar Outlook - Rabobank认为，未来几周美元对疲软数据将更加敏感[1] - 市场对美元的空头头寸已减少，美元走势趋于平衡[3][4] - 美元年初至今表现不佳，但在下半年表现良好[3] Key Data to Watch - 劳动力数据和CPI数据是关注重点，但十月份的数据可能受到shutdown的影响[2] - ADP数据对美元的影响显示市场不再过度做空美元[3] Currency Dynamics - 挪威克朗在数据公布后表现最佳[4] - 日元面临日本新任财务大臣的口头干预风险，日本央行可能在12月加息[5][6] - 市场对日元汇率0.55保持警惕[7] Global Factors - 美元走向不明朗，多种货币（欧元、日元、英镑）的故事都在发生，但美元是共同因素[5][7]