ECB's Schnabel: Put euro on blockchain, stablecoins can't replace central bank money
ECB's Isabel Schnabel argued at Jackson Hole that the euro should be issued on a blockchain, and stablecoins cannot replace central bank money for settlement.
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ECB's Isabel Schnabel argued at Jackson Hole that the euro should be issued on a blockchain, and stablecoins cannot replace central bank money for settlement.
NZIER's Shadow Board reports a majority recommending a 25bp OCR hike to 2.75% on Wednesday, but several members prefer holding at 2.50%.
Oil rose around 2% after US forces struck Iranian targets near the Strait of Hormuz and Iran retaliated with missile fire.
Japan's yen fell to 160.16 per dollar despite ¥15.4 trillion support. A stronger yen may unwind carry trades, potentially hurting Bitcoin.
Iran launched missiles from four provinces, including anti-ship cruise missiles aimed at the Strait of Hormuz, after a reported US strike on Larak Island.
Following hawkish remarks from Fed Chairman Kevin Warsh at Jackson Hole, implied probability of a September rate hike rose to 58%, pressuring equities.
S&P 500 rises 12.65% in 2026; margin debt and trading volumes echo 1907 crash signal.
China releases August official PMI data on Monday, with manufacturing consensus at 49.6.
Early Monday forex indications show EUR/USD at 1.1582 and USD/JPY at 160.11.
U.S. forces struck two Iranian missile launchers on Larak Island near the Strait of Hormuz.