Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
South Korea inspects six financial institutions over customers’ virtual currency accounts
On Monday, South Korea's financial regulator told that it’s jointly executing inspections on six local financial institutions, offering virtual currency accounts to businesses amid soaring concerns that the most active use of assets like bitcoin could provoke a leap in crime.
The joint inspection by the Financial Services Commission as well as and Financial Supervisory Service is going to scrutinize if the country’s banks are adhering to anti-money laundering regulations and utilizing real names for accounts. That’s what FSC Chairman Choi Jong-ku informed at a press conference.
Choi stressed that virtual currency can’t function as a means of payment now, and it’s being employed for illegal purposes like scams, money laundering and fraudulent investor operations.
As for the side effects, they’re severe enough, causing hacking issues at the institutions, which handle cryptocurrency, as well as an unreasonable jump in speculation.
Similar
Will oil change the trend after OPEC meetings?
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
What Happens to EUR?
On April 22, 2022, from 10:15 to 11:00 MT time, the Markit will release German and French flash services and manufacturing PMI.
Latest news
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
