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Bitcoin remains near $80,000 as traders hold stablecoins, potentially redeploying funds after the Fed decision.
U.S. spot bitcoin ETFs recorded $450 million in outflows as the Senate failed to advance the Clarity Act.
Zcash gains 6% and nears historic highs, while Bitcoin drops below $76,000 ahead of the Federal Reserve rate decision.
AUD/JPY is near 110.55 and little changed as markets await a possible BoJ rate hike.
Historical evidence suggests a Fed hike may not successfully curb rapidly rising longer-term bond yields.
The S&P 500 reached a six-week low as higher oil prices and stagflation concerns hurt risk assets.
Rabobank says regional attacks and infrastructure damage are redirecting more oil through the Strait of Hormuz, increasing supply risks.
Dow, S&P 500 and Nasdaq 100 futures rise modestly during European trading before the Federal Reserve decision.
DXY eased from a two-week high but remained above 99.50 ahead of the Federal Reserve.
AUD/USD trades slightly lower near 0.7125 during European hours as markets await the Federal Reserve’s policy decision.
A hawkish messaging dilemma could challenge the Fed’s inflation credibility, while Bitcoin may benefit despite the meeting risks.
UK inflation reached 3.1% as energy costs increased, ahead of the Bank of England’s monetary policy update.
