Schnabel
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Rising stablecoin use could cement dollar dominance, ECB's Schnabel says
Rising stablecoin use could cement dollar dominance, ECB's Schnabel says FRANKFURT, June 1 : The increased use of stablecoins could reinforce the dollar's global dominance, undermine some nations' ability to set monetary policy and even diminish the role of the euro, European Central Bank board member Isabel Schnabel said on Monday. The use of stablecoins, a type of cryptocurrency pegged to certain assets and designed to maintain a stable value, is still relatively low but has increased...
ECB’s Schnabel Sees Risk of Unanchored Inflation Views From War
Isabel Schnabel, executive board member of the European Central Bank, speaks at a Peterson Institute of Economics (PIIE) event during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC, US, on Thursday, April 16, 2026. The International Monetary Fund downgraded its growth projection for the year after the war in the Middle East triggered a major oil shock and included the possibility of a downturn if the conflict drags on and energy infrastructure is...
Dollar steadies as markets await signals on Iran war, central banks
Dollar steadies as markets await signals on Iran war, central banks TOKYO, June 1 : The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the Strait of Hormuz shipping lane for oil. Oil jumped in early trade after Israel ordered troops to move further into Lebanon in the...