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Financial Services Sector Navigates Regulatory Changes and Market Volatility

The United States dollar (USD) is the official currency of the United States, governed by the Federal Reserve and the U.S. Department of the Treasury. Originating from the Coinage Act of 1792, it serves as a standard unit of value and medium of exchange, both domestically and globally. The dollar is widely held as a reserve currency by other nations and is commonly used in international trade, notably in the pricing of commodities like oil. It comes in various denominations, both in coin and paper form, and is subdivided into 100 cents. Its role as the world's dominant reserve currency grants the U.S. economic advantages but also draws criticisms regarding its influence over global financial systems.

The financial services sector is in a state of flux, influenced by regulatory changes, technological innovations, and market conditions. Stakeholders must remain vigilant and adaptable to navigate this complex landscape. With a myriad of factors at play, including regulatory oversight, AI adoption, and geopolitical tensions, the coming months are poised to be a critical period for market participants.

July 13-17 Big economic events: EU Summit, ECB and BOC interest rate decisions

👉  The souring US-China diplomatic ties over the Hong Kong and South China sea issues also dampened the market mood. The US has denounced China’s claims to the South China Sea as unlawful. China accused US of ‘inciting confrontation’ after Washington rejected expansive claims in disputed sea for the first time. 👉  More pain for […]