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MORNING BID AMERICAS-Markets level, Aussie hikes, crypto judders

MORNING BID AMERICAS-Markets level, Aussie hikes, crypto judders

Two-year Treasury yields, which are extremely sensitive to monetary policy expectations, were little changed at around 4.53% in Tokyo after a 3 basis-point (bp) decline by the New York close.

The 10-year yield edged up to 3.73% after tumbling 7 bps overnight.

The proposed order would prevent Binance.US – the American branch of the world’s largest crypto exchange – from accessing funds in its customer’s wallets, but would still allow customers to make withdrawals themselves.

Australia’s central bank delivered a surprise quarter-point hike to 4.1% – an 11-year high – and warned that further increases might be required to ensure inflation is brought back under control.

customers from its platform and misled investors about its market surveillance controls. The SEC alleged in 13 charges that Binance artificially inflated its trading volumes, diverted customer funds, failed to restrict U.S.

The Australian dollar peaked at $0.6690 in early Asia trade, its highest since mid-May, buoyed by lingering effects of the Reserve Bank of Australia’s (RBA) quarter-point interest rate increase to an 11-year high on Tuesday.

The U.S. government is expected to rush to sell short-term debt to replenish its Treasury General Account (TGA), potentially at yields so high that banks raise deposit rates to compete for funding, reducing interest in riskier assets like equities.

Binance’s BNB cryptocurrency, the world’s fourth-largest, fell 0.3% to a near three-month low of $277, after a 9.2% plunge on Monday, its worst daily fall since November.

Erdogan last week put well-regarded former finance minister Mehmet Simsek back in the post. Simsek said this week that the guiding principles for the economy would be transparency, consistency, accountability and predictability.

The decision comes weeks after Binance Australia told customers they would lose access to Australian dollar deposits and withdrawals because payments provider Cuscal cut access.

Binance is a crypto trading platform which allows users to buy and sell digital assets like Bitcoin. Regulators allege it’s been operating outside of the law through a ‘web of deception’

Elsewhere, the Turkish lira hit a new record low overnight of 23.54 per dollar, even as President Tayyip Erdogan’s appointment of a U.S.

banker as central bank chief sent a strong signal for a return to more orthodox policy.

The RBA’s move sets the stage for a slew of monetary policy decisions from major central banks across the globe, with the Fed, the European Central Bank and the Bank of Japan due to hold their policy meetings next week.

The Ripple ruling came together with fraud charges against the former boss of bankrupt crypto lender Celsius Network, which are contested, and on the heels of moves into the market by finance firms BlackRock and Fidelity.

TOKYO, June 9 (Reuters) – Asia-Pacific equities rose to their highest level since mid-February on Friday, taking cues from an overnight Wall Street rally as market bets firmed for the Federal Reserve to skip a rate increase next week.


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