The dollar's stability is bolstered by positive trade developments, including potential tariff agreements between the US and Europe, which ease uncertainty in the market.
South African equities experienced a notable decline on Friday, with the JSE FTSE All Share Index falling below the critical 100,000-point mark due to fading market momentum.
"I think that we are falling prey to some confusion between money, means of payment, and payment infrastructure, and that is accelerated..."
Market players are anticipating almost a 60% chance of a Federal Reserve rate cut in September, which diminishes the US dollar's attractiveness against the Yen.
If the United States announces that we are buying a million Bitcoin, that's just a global seismic shock... We probably go very quickly to something like a million dollars per Bitcoin.
Nominal GDP targeting may provide a more stable and predictable macroeconomic environment by shifting focus from inflation to total nominal spending.
