Central banks, uncertainty and the dollar trap

plus, an EU digital euro twist

“One can imagine the future shape of companies by stretching them until they are pure network. It will be hard at times to tell who is working for whom.” – Kevin Kelly ||

Hi everyone! I hope you all had a great weekend, and are getting into the holiday spirit. The price action over the weekend certainly helps.

Below, I dive into this week’s central bank meetings (there are many), with a focus on what surprises could come out of the US FOMC statement on Wednesday – spoiler, it probably won’t be in the cut itself, but we could see strong market moves based on the economic expectations update.

And, I talk about a twist in the EU digital euro project, which unfortunately increases the already high odds that it will be approved next year.

Production note: I have to miss publication tomorrow, sorry, I’m away from my desk all day. Back on Wednesday!

IN THIS NEWSLETTER:

• An EU digital euro twist

• Central banks, uncertainty and the dollar trap

  • || The impact on crypto

  • Credibility on the line

  • The data that matters

If you’re not a premium subscriber, I hope you’ll consider becoming one! You get ~daily commentary on markets, tokenization, regulation and other signs that crypto IS impacting the macro landscape. As well as audio, relevant links and music recommendations ‘cos why not.

Let me help you decipher crypto trends.

WHAT I’M WATCHING:

An EU digital euro twist

There has been a twist in the EU digital euro project that highlights building opposition to the idea.

Last week, Politico reported that Stefan Berger, who had been leading the European Parliament’s digital euro work, has stepped down.