U.S. Treasury yields edged
higher on Monday at the start of a busy week of economic data
and a widely anticipated interest rate hike by the Federal
Investors have priced in a near-certainty that the Fed would
raise benchmark rates by 25 basis points at the end of its
meeting on Wednesday, the smallest increase since the central
A court-ordered examiner is expected
to release a report on Monday addressing whether bankrupt crypto
firm Celsius Network operated as a Ponzi scheme, which could add
to the pressure on founder Alex Mashinsky, who is already facing
U.S. Bankruptcy Judge Martin Glenn, who is overseeing the
crypto lending platform's Chapter 11 case, appointed former
prosecutor Shoba Pillay as an independent examiner in September,
tasking her with investigating Celsius customer
The dollar was little
changed on Monday, a day before the Federal Reserve was due to
begin a two-day policy meeting, while the euro was boosted by
unexpectedly high inflation data before the European Central
Bank meets on Thursday.
The U.S. central bank is widely
The Canadian dollar weakened
against its U.S. counterpart on Monday, pulling back from its
strongest level in over two months, as investors turned cautious
ahead of interest rate decisions by some major central banks
Mastercard Inc and
Binance said on Monday they are lauching a prepaid card in
Brazil, Latin America's largest economy, as part of the crypto
giant's efforts to "broaden the connection between traditional
finance and crypto".
Stock markets worldwide
halted their January rally on Monday, pausing for breath at the
start of an agenda-setting week of central bank rate hikes and
data releases that will clarify if progress has been made in the
battle against inflation.
The euro rose on Monday after
unexpectedly high Spanish inflation data raised expectations for
a higher euro area print on Wednesday, while the dollar
languished near an eight-month low ahead of a slew of central
bank meetings this week.
Sterling edged lower against
the U.S. dollar on Monday ahead of a number of central bank
meetings this week including the Bank of England's, which is
expected to hike rates for the 10th consecutive time.
Nebraska's former Republican Governor Pete Ricketts was sworn in on Monday (January 23) as the state's next U.S. senator by Vice President Kamala Harris, after being appointed to fill the seat left vacant by former Senator Ben Sasse.
U.S. President Joe Biden will deliver his first State of the Union address after Republicans took control of the House of Representatives in a speech that may mark the unofficial start of the 2024 presidential campaign season.