Source: Bloomberg, 22:16
https://www.bloomberg.com/news/audio/2025-11-11/bloomberg-daybreak-asia-trump-on-india-trade-podcast
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USD holds above 200-DMA amid cautious sentiment – BBH
The post USD holds above 200-DMA amid cautious sentiment BBH appeared com. US Dollar (USD) is trading on the defensive and holding above its 200-day moving average. We get some second-tier US jobs check today with the ADP weekly employment preliminary estimate (1: 15pm London, 8: 15am New York) and sub-components of the November Conference Board consumer confidence index (3: 00pm London, 10: 00am New York), BBH FX analysts report. September retail sales and PPI could influence dollar outlook “Last week’s ADP report showed that for the four weeks ending November 1 private employers shed an average of -2, 500 jobs a week, indicative of weak labor demand. In October, the Conference Board consumer report offered mixed readings on the labor market. The labor differential index (jobs plentiful minus jobs hard to get) improved slightly but consumers were more worried about the labor market outlook over the next six months.” “US September retail sales and PPI data are also due today (both at 1: 30: pm London, 8: 30am New York). The retail sales control group used for GDP calculation is projected at 0. 3% m/m vs. 0. 7% in August. Retail sales activity has held up well in the three months to August, growing at an above trend pace. However, the slowdown in labor demand points to looming pressure on household incomes and future consumption.” “We expect the Fed to deliver a follow-up 25bps cut to 3. 50%-3. 75% in December (77% priced-in) because restrictive Fed policy can worsen the fragile employment backdrop and upside risks to inflation have lessened. USD will likely consolidate recent gains ahead of the December 10 FOMC rate decision. But narrowing US-G6 rate differentials suggests the path of least resistance for USD is down.” Source:.
Has DeFi learned anything from yield vault collapse?
The post Has DeFi learned anything from yield vault collapse? appeared com. Almost two weeks ago, the collapse of Stream Finance led to a domino-effect across the decentralized finance (DeFi) sector. On-chain analysts had previously raised concerns over a web of risky looped-lending of one another’s assets, all while offering outsize returns on stablecoin deposits. Some projects were able to wind down positions in an orderly fashion, and depositors came out relatively unscathed. However, elsewhere, worthless collateral left gaping holes, and repaying borrowed assets rapidly became less attractive. Read more: Stream Finance meltdown: winners and losers in DeFi ‘risk curator’ reckoning Taking stock Over the past few days, curators have wrapped up the shortfall in remaining markets. Depositors into the MEV Capital-managed USDC vaults on Morpho were left with haircuts of 3. 5% (on Ethereum) and 12% on the equivalent Arbitrum vault. The vaults were exposed to Elixir’s 99. 8% depegged sdeUSD and Stream Finance’s 95% depegged xUSD. In characteristically hostile fashion, Morpho-competitor Aave’s Marc Zeller took a victory lap. Actually, it’s only Bad debt if it comes from the badette region of France. Otherwise, it’s just sparkling “proportionally socialized loss” Just Use Aave. pic. twitter. com/SH6PqqmDRc Marc ”七十 Billy” Zeller 👻 🦇🔊 (@lemiscate) November 12, 2025 Read more: Aave could leave Polygon over plan to use bridge funds for yield farming Another curator with outstanding exposure is Re7 Labs, whose communications have been noticeably sparse since the crisis began. A November 8 post lists exposure of $14 million to deUSD, $13 million to Stable Labs’ 85% depegged USDX. Since then, two updates have yet to disclose any concrete advances beyond the recovery of a $200,000 Morpho position on Worldchain. Hyperithm, issuer of mHYPER, gave an update on its USDT Euler vault on Plasma, notifying users that 30% of the deposits were locked in a Re7 Labs vault. Users will be able to withdraw the.