US Dollar

Bank of Engla

2026-09-15 17:53:04

BoE official says stablecoin growth could strengthen the dollar and lift US Treasury demand

A Bank of England policymaker said the expansion of dollar-backed stablecoins could extend the reach of the US currency and turn major issuers into even larger buyers of government debt. Carolyn Wilkins, a member of the Bank of England’s Financial Policy Committee, said in a speech at Queen’s University Belfast that dollar-denominated stablecoins may reinforce the greenback’s global position by making cross-border settlement easier, broadening access to dollar-linked assets outside the United States, and increasing demand for Treasurys held as reserves. Wilkins also warned that the link runs both ways. If redemptions reached sufficient scale, stablecoin issuers could be forced to sell Treasury bills, which could intensify swings in an already stressed market. She cited data showing that Tether’s USDt and Circle’s USDC held nearly $150 billion in Treasury bills at the end of 2025 and bought about $33 billion during the year. Her comments come as stablecoin circulation has climbed above $300 billion, with 98% of the market tied to the US dollar. Wilkins said that gives the currency a considerable first-mover advantage. She contrasted that with pound-denominated stablecoins, which have gained traction more slowly even as UK regulators this year launched a dedicated sandbox, finalized issuance rules in June, and tested how stablecoins and a simulated digital pound could work together in cross-border trade payments.

770

US Dollar

2026-09-15 15:13:51

Bessent says dollar strength rests on credibility and policy certainty

U.S. Treasury Secretary Bessent said on Sept. 15 that the dollar remains strong as the world’s reserve currency, arguing that rising global transaction volumes reflect confidence in the U.S. system and in the current administration’s actions. Speaking at a congressional hearing on Tuesday, he said a strong dollar should not be viewed simply as a quoted market price, but as the result of a broader set of policy conditions. Bessent pointed to what he described as growing certainty in regulation, taxes, trade, and energy policy, saying those factors are bringing trillions of dollars into the United States. He also said that while countries including Russia have reduced their foreign exchange reserves, other countries are still actively increasing their holdings. The remarks were cited by BlockBeats, which referenced Jin10 as the source.

740

Bessent

2026-09-15 15:16:50

U.S. Treasury Secretary Bessent says dollar strength rests on credibility and policy certainty

U.S. Treasury Secretary Bessent said Tuesday that the dollar remains strong as a reserve currency, adding that rising global transaction volumes reflect confidence in the U.S. system and the measures taken by the current administration. Speaking at a congressional hearing, he argued that a strong dollar should not be reduced to a price shown on a screen. In his words, it reflects a broader set of actions tied to policy direction. Bessent said the administration is building certainty across regulation, taxation, trade, and energy, and that this framework is bringing trillions of dollars into the United States. He also said that while countries including Russia have reduced their foreign exchange reserves, other countries are still adding to them. His remarks framed dollar strength as a function of institutional credibility and policy clarity rather than a standalone market quote, according to the report carried by Odaily and attributed to Jin10.

520

Federal Reser

2026-09-15 11:34:07

Standard Chartered says Fed should hold in September as markets price in a hike

Standard Chartered said in a Sept. 14 report that the Federal Reserve is likely to leave rates unchanged at its Sept. 15-16 Federal Open Market Committee meeting, even as futures markets have moved sharply in the opposite direction. The bank argued that raising rates now would be the wrong policy choice, saying officials should wait for the effects of tariffs and recent data revisions to fade before deciding whether inflation is truly becoming entrenched. The call stands against aggressive market pricing. Fed funds futures imply an 88% probability of a 25-basis-point hike in September, and traders are also pricing in about 74 basis points of cumulative tightening by next March. Standard Chartered said a hold could trigger a meaningful repricing in rates markets and a short-term dip in the U.S. dollar, while an actual hike could reinforce hawkish expectations. The report also said inflation pressure may be overstated, noted that tariff effects on PCE inflation could begin to ease after peaking in late 2025, and argued that the current vote count does not support a September move. In its view, the key test after the decision will be how Warsh explains the policy path and handles elevated tightening expectations at the press conference.

710

Bessent

2026-09-15 10:55:43

Bessent set to testify before House panel as Treasury market watches for policy signals

U.S. Treasury Secretary Bessent is scheduled to appear before the House Financial Services Committee at 22:00 on Sept. 15 for a hearing titled the Treasury Secretary’s annual testimony on the state of the international financial system. With the 10-year U.S. Treasury yield already above 5%, the market is focused on whether he offers fresh signals on fiscal policy, Treasury issuance and buyback plans, debt management, and the outlook for the dollar and interest rates. According to the source, comments leaning toward deficit control and Treasury market stability could ease upward pressure on long-dated yields. Signals pointing to greater fiscal expansion or tolerance for higher rates, by contrast, could push Treasury yields higher still and draw attention to linked moves across the dollar, gold, U.S. equities, and other risk assets.

600

USD/JPY

2026-09-15 08:09:25

USD/JPY Breaks Above 155, Reaches One-Week High

USD/JPY moved higher on Sept. 15 and broke above the 155 level, according to a BlockBeats flash update. The pair was up 0.44% on the day at the time of the report. BlockBeats said the move pushed the exchange rate to its highest level in a week. The update focused on the intraday move and did not provide further market details beyond the level break, the daily gain, and the one-week high.

590

Federal Reser

2026-09-14 04:03:16

Citi warns of a possible 1989-style Fed hiking path as asset allocation shifts toward the dollar and energy

Citi Research says the current macro backdrop is looking increasingly similar to the Federal Reserve’s 1988-1989 tightening cycle, a period when the fed funds rate rose from 6.75% to 9.8125% across 16 rate hikes. According to the report cited in the source material, the overlap now lies in a combination of economic resilience and building inflation pressure, with growth and inflation measures both running slightly above long-term averages. Citi’s regime work still places the broader environment in a "Normal" bucket, but says stronger inflation momentum, a modest pullback in economic surprise data, and slightly tighter financial conditions are pushing historical analogs closer to 1988-1989. The report also lays out clear cross-asset positioning. Citi said it is adding to risk assets while favoring emerging-market and U.S. equities, long duration in Japan and the U.K., the maximum short in U.S. investment-grade credit, an energy-led commodities exposure, and a renewed preference for the U.S. dollar. In rates, the model shows an overall 3.7% bond overweight, with the largest long positions in Japanese and British duration and the largest short in U.S. Treasuries. In commodities, energy is described as the strongest expected performer. In foreign exchange, expected Sharpe ratios for GBP, JPY, and EUR versus the dollar are all negative, leaving the dollar as the preferred currency.

940

Barclays

2026-09-14 03:52:47

Barclays says uncertainty over Fed decision puts this week’s FOMC meeting in focus

Barclays economists said uncertainty surrounding the Federal Reserve’s rate decision has made this week’s Federal Open Market Committee, or FOMC, meeting the main focus for markets. According to the note cited by ChainCatcher, the key variable is whether the Fed delivers what markets expect. Barclays said that if the central bank unexpectedly leaves rates unchanged, or raises rates by less than expected, the U.S. dollar could weaken in the short term. The report did not provide a specific forecast for the size of any move, but it framed the Fed outcome as the central near-term driver for dollar direction. The comments center on policy uncertainty ahead of the meeting rather than on any broader market call beyond the immediate impact on the dollar.

700