A transaction made headlines on Friday after a dormant wallet, last active for more than 14 years, transferred 50,000 Bitcoin (BTC) in a single day. The transaction, valued at around $5.4 billion, caught the attention of crypto enthusiasts.
Markets are adopting a risk-off approach ahead of the weekend. The US Dollar (USD) is narrowly mixed against the core majors but the JPY and CHF are outperforming on the day while high beta FX is tending to underperform, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Markets are starting to hear a little more from the European Central Bank about the strength of the Euro (USD), ING's FX analyst Chris Turner notes.