Summary: The Dollar Index (USD/DXY) which measures the value of the Greenback against a basket of 6 major currencies eased 0.51% from a 13-month high to 94.04 (94.53). A pullback in the benchmark US 10-year treasury bond yield by 4 basis points to 1.54% dragged the US currency lower. While the September US Headline CPI climbed to 5.4% from 5.3% on an annual basis, the Core inflation number was unchanged at 4.0%. The FOMC minutes from the Fed’s September monetary policy meeting signalled that US policymakers could begin a gradual tapering process by mid-November.

Inflation is getting away.

IMF voices concerns.

Fed President says it is not transitory after all.

Good morning,

We really have only to pin the latest US inflation chart to the top of our report from yesterday, to fully understand and confirm what is going on in the world.

The World Federation of Exchanges Publishes the Call for Papers for the WFE’s Clearing and Derivatives Conference 2022

The World Federation of Exchanges (“WFE”), the global industry group for CCPs and exchanges has published a Call for Papers for the WFE’s Clearing and Derivatives Conference 2022. 

As demand for in-store digitalization and solutions based on electronic shelf labels (ESL) is increasing, Pricer aims at meeting this expected continued higher volume demand with a new production facility in Europe, closer to its customers on this major market. Working in close collaboration to understand the customers’ long-term goals and their unique challenges, Pricer will be able to offer reduced lead-times and increased flexibility.

Monday, JP Morgan Chase Chairman and CEO Jamie Dimon doubled-down on his personal stance against Bitcoin, saying that he believes it to be ‘worthless’ at an Institute of International Finance event, according to CNBC Pro. He further compared Bitcoin to cigarettes, something that is widely known to be bad for a person’s health, yet still regulated and sold on the free market.

Dollar Mostly Higher, US 2-Year Bond Yields Hit 18-month Peak

• Today, Creditspring launches ‘Step’, a new credit builder product which helps people improve their credit score, restore their financial health and to access affordable forms of credit.
• This comes as new Creditspring research finds that 28% of 18–34-year-olds are unaware of how to improve their credit score.

The outbreak of COVID-19 has seen the world face extraordinary challenges to public health and the global economy. The pandemic has also driven unprecedented levels of cyber and financial crime.

Having already swept through numerous industries around the world, the sustainability revolution is now taking the banking sector by storm. Each day brings new announcements from banks, fintechs and solution providers.

The sustainability trend presents the banking industry with unique opportunities to deepen customer relationships and, at the same time, is challenging players to innovate through the development of new products and services that address specific environmental goals.

What and why?                                          

The Bids Wanted in Competition (BWIC) process completes on the WIC trading platform

Etrading Software, the independent, global provider of technology-led solutions designed for financial institutions and industry initiatives, in partnership with Artis Holdings Limited, a technology provider of electronic platforms and tools for the Loan market, today announces it has completed its opening BWIC (Bids Wanted in Competition) process via the live WIC trading platform for the first onboarded clients.