Anya Andrianova

Die Verabschiedung des wegweisenden Stablecoin-Gesetzes in den USA befeuert an der Wall Street die Debatte über das tatsächliche Potenzial dieser digitalen Dollar-Token: Können sie den Dollar stärken und zu einer bedeutenden Quelle für die Nachfrage nach kurzfristigen US-Staatsanleihen werden?

The dollar had the best day since the end of September as traders boost wagers that the Federal Reserve will keep interest rates steady.

Traders are looking for cover against rising volatility in the dollar ahead of the release of a slew of data, including key labor reports, once the US federal government reopens.

The dollar has kicked off the quarter on a firmer note, and there are signs traders are bracing for further bullish momentum before this week’s delayed release of US consumer-price data.

Betting against the dollar has been the dominant trade this year in the $9.6 trillion-a-day foreign-exchange market, but the wager is starting to stumble.

The growing aversion to large reserve currencies, including the dollar, has been propelling the record rallies in gold and Bitcoin — and the trend will go on, according to Eurizon SLJ Capital Limited.

The yen slid further on Wednesday after touching the weakest level since February against the dollar, as Sanae Takaichi’s surprise win as the new leader of Japan’s ruling Liberal Democratic Party continued to weigh on the currency.

The dollar will likely weaken further as the US government shutdown drags into a second day, according to a top foreign-exchange currency forecaster.

It turns out that all the “Sell America” angst swirling in markets earlier this year was misplaced.

Overseas investors are slashing their dollar exposure at “an unprecedented pace” as they put on currency hedges when buying US stocks and bonds, according to a Deutsche Bank AG analysis of exchange-traded funds.