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X @Token Terminal 📊
Token Terminal 📊· 2025-11-22 16:30
The @Tether_to idea maze simplified:Tokenize the assets everyone already trusts and wants (USD, gold)Move them from slow legacy ledgers to fast programmable blockchains, andEarn enormous float + rail rents as trillions of $ migrateToken Terminal 📊 (@tokenterminal):🇨🇭⛰️ "A Swiss Gold Vault in your Pocket."@Tether_to has tokenized over $2 billion worth of gold on @ethereum.XAUT serves users that want to access a non-fiat store of value onchain.An asset to follow 👇 https://t.co/DJXf7TpM0S ...
X @wale.moca 🐳
wale.moca 🐳· 2025-11-16 14:32
Can't wait to get my $100 USD allocation after sending a hundred grand to Coinbase ...
2026-2027 年全球经济与市场展望-Global Economics & Markets Outlook 2026-2027
2025-11-12 02:20
Global Economics & Markets Outlook 2026-2027 For a summary of our key ideas & top charts, see 'The Skinny '26-'27' Fixed Income: Fed doesn't control the long end. US leads meagre 3-5% returns Tariff inflation over the coming 6m should limit the decline in front end, but with higher equity volatility the curve can go through a short spell of bull flattening, with the 10y dropping to a low of 3.50% before stronger activity and fiscal concerns take it back to 4%. Unlike previous easing cycles in this century, ...
「幣圈熊市」還沒來?Arthur Hayes解開USDe穩定幣運作機密... 【邦妮區塊鏈】
邦妮區塊鏈 Bonnie Blockchain· 2025-11-08 13:00
If that function had been shut off or traders were unable to essentially tender USD and get back Bitcoin or whatever you get back when you redeem USD, then I would say yes there's a decking event. >> A lot of Treadfi people texted me and they're like, "Oh, uh, the stable coin is not stable." How would you explain to a person that is not deep in crypto what actually happened. >> Binance has a USD market is not that liquid versus curve, which is the most liquid place. Take a look at the USD price on curve ver ...
跨境资金流动_ 资产管理机构大举增持美元-Liquid Cross Border Flows_ Asset Managers piling onto USD
2025-11-07 01:28
Summary of Key Points from the Conference Call Industry Overview - The conference call primarily discusses the **foreign exchange (FX) market** and the **cross-border capital flows**, with a focus on the **USD** and **EUR** currencies. Key Takeaways 1. **USD Investor Demand** - The demand for USD by Bank of America (BofA) investors in the past month was the strongest since June 2024, driven mainly by asset managers. - Asset managers' USD buying last week was the largest since July, although they remain net short on dollars, indicating a light position overall [1][5][6]. 2. **EUR Supply Dynamics** - There was a significant supply of EUR last week, the strongest since May, primarily driven by corporates. - All BofA client types, except hedge funds, were net sellers of EUR, suggesting a souring sentiment towards the currency [6][10]. 3. **Emerging Market (EM) FX Flows** - EM FX flows turned negative across all regions, indicating a moderating sentiment. - Notable selling was observed in currencies such as SGD, ZAR, BRL, and to some extent, MXN [7][9]. 4. **Investor Positioning** - The positioning of BofA investors in G10 currencies as of October 31, 2025, shows varied sentiment across different currencies, with asset managers showing a slight long position in EM currencies [24][27]. - The aggregate positioning for USD was noted to be negative, while positioning for AUD and NZD showed some positive trends [16][24]. 5. **Options and Futures Flows** - The snapshot of FX options and futures flows indicates mixed sentiment, with some currencies like JPY and GBP showing negative positioning, while others like AUD and NZD had positive flows [14][33]. Additional Insights - **Market Sentiment** - The overall sentiment in the FX market appears to be cautious, with a notable shift in positioning among asset managers and hedge funds, reflecting broader market uncertainties [4][6][24]. - **Potential Risks** - The report highlights potential risks associated with the current positioning and market dynamics, suggesting that investors should be aware of the volatility and changing trends in the FX market [4][5]. - **Data Sources** - The analysis is based on proprietary data from BofA Securities, including flow data, positioning data, and market sentiment surveys, providing a comprehensive view of the current market landscape [9][30]. This summary encapsulates the critical insights from the conference call, focusing on the dynamics of the FX market, investor behavior, and emerging trends that could influence future investment strategies.
美元及其风险The Dollar and its Risks
2025-10-31 00:59
Summary of Key Points from the Conference Call Industry Overview - The focus of the conference call is on the **US Dollar (USD)** and its associated risks, particularly in relation to global economic conditions and monetary policy dynamics. Core Insights and Arguments 1. **USD Weakening Expectations**: The expectation is for the USD to weaken over the next year, particularly against risk-sensitive currencies, due to falling US real yields and narrowing growth differentials with the rest of the world [8][11][12] 2. **Growth Convergence**: US growth is projected to slow to approximately **1.3% in 2026**, converging with growth rates abroad, which is consistent with the "dollar smile" framework [27][28] 3. **Policy Risks**: The narrowing of the USD's discount to yield-implied fair value is anticipated, with expectations that it may re-widen due to ongoing trade policy and Federal Reserve independence risks [8][11][40] 4. **Fiscal Concerns Abroad**: Easing fiscal concerns in countries like Japan, the UK, and France are expected to reduce the positive premium on the USD, contributing to its decline [8][50][52] 5. **Current USD Positioning**: USD positioning is currently slightly long, indicating a shift from previous short positions, which reduces the risk of significant price swings [12][67] Additional Important Insights 1. **Interest Rate Forecasts**: The forecast indicates that **10-year TIPS yields** will decline to **1.25%** by mid-2026 and further to **0.9%** by the end of next year, contributing to a bearish environment for the USD [14][15] 2. **Trade Recommendations**: Recommendations include maintaining short positions on USD against currencies such as EUR, JPY, GBP, CAD, and AUD, with specific target prices provided for each currency pair [16][69] 3. **Risks to USD Outlook**: Upside risks to the USD could arise from stronger-than-expected US growth or a downturn in sentiment regarding investment opportunities outside the US [11][34][36] 4. **Yield Differential Dynamics**: The narrowing of US-RoW rate differentials is expected, with **2-year US yields** projected to decline to **2.0%** by next year, while **2-year German yields** are expected to decrease to **1.6%**, significantly compressing the spread [20][21] 5. **Fiscal Sustainability**: Concerns about fiscal sustainability in Japan and the UK are expected to ease, which may further weigh on the USD as these countries stabilize their fiscal positions [50][52][61] Conclusion The conference call presents a comprehensive analysis of the USD's outlook, emphasizing the interplay between interest rates, growth differentials, and fiscal policies. The overall sentiment leans towards a bearish outlook for the USD, with specific trade strategies recommended to capitalize on anticipated currency movements.
X @Token Terminal 📊
Token Terminal 📊· 2025-10-27 23:15
Assets currently tokenized on @ethereum:1) USD ~$184B2) BTC ~$14.5B3) Gold ~$3.5B https://t.co/9tadGXdh9C ...