“Coopetition” is an ungainly term at the best of times. But it appears that’s what’s happening among Swiss stablecoin issuers.
The Japanese yen and Swiss franc strengthened against the dollar on Thursday afternoon as a selloff in the U.S. stock market drove investors into the safe-haven currencies. Big falls in Apple Inc <AAPL.O>, Amazon.com <AMZN.O>, Microsoft <MSFT.O> and Google parent Alphabet <GOOGL.O> pushed Wall Street's main indexes lower on Thursday, on track for their deepest one-day dives since June. The dollar was 0.1% lower against the yen <JPY=> and will end the North American session lower for the first time since last week.
In today’s Daily Briefing, we found those amazing setups we thought you’d find interesting!