European Central Bank demands cybersecurity action plans from banks by October 31

The post Euro: Upside bias against US Dollar as ECB repriced – Scotiabank appeared on BitcoinEthereumNews.com. Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is slightly softer versus the US Dollar (USD) but supported by a sharp recovery in yield spreads and stronger German industrial production. Renewed hawkishness from European Central Bank (ECB) policymakers is lifting Euro area rate expectations. They see near-term upside for EUR/USD, with technicals pointing to a drift toward 1.15 within a 1.1400–1.1500 range and limited resistance before 1.1580. Hawkish ECB supports Euro “Bearish/neutral – the recovery in the RSI is important, reflecting a clear fade in bearish momentum and a drift back toward the neutral threshold around 50. The near-term balance of risk appears to favor gains and a drift toward 1.15 and we note the absence of any material resistance ahead of 1.1580. The medium-term trend is flat, and we look to a near-term range bound between 1.1400

The post Euro: ECB cautious as euro area outlook stays fragile – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu cites European Central Bank (ECB) Governing Council member Fabio Panetta, who describes a fragile Euro area outlook with upside inflation risks and downside growth risks. Panetta stresses that policy should not follow a preset path, frames the latest rate hike as recalibration after oil-driven inflation, and says recurring supply shocks may force further adaptation to meet the 2% target. Panetta flags balanced risks for Euro “ECB Governing Council member Fabio Panetta said in Rome that the euro area faces a fragile outlook, with upside risks to inflation still coexisting with downside risks to growth.” “He argued that recent peace talks between the U.S. and Iran could eventually ease energy prices but warned that monetary policy should not follow a preset path.” “Panetta said policymakers must keep a close watch on geopolitical developments, energy markets, supply ch

The post Banks Race to Stablecoin Gateways: Custody vs Issuance appeared on BitcoinEthereumNews.com. Banks aren’t just poking at crypto anymore. They’re actively trying to become the front door for stablecoins. And not by launching their own tokens first, but by handling the plumbing: custody, mint/burn rails, and settlement. This piece breaks down why custody and gateway services may outpace issuance, what that means for revenue, risk, and regulation, and how banks can move without stepping on a rake. You’ll see what changed in 2026, the new competitive math, and the traps to avoid. If you’re weighing whether to build a bank-branded stablecoin or plug into existing networks, this is the comparison you need right now. Banks are racing to stablecoin gateways because custody, mint/burn access, and settlement services deliver fee revenue with lower balance sheet strain and fewer regulatory unknowns than issuing a bank-branded coin. 2026 made the shift obvious as major players rolled out b

The EU's plan highlights the need for digital sovereignty but lacks enforceable measures, risking increased reliance on US tech solutions. The post EU unveils AI cybersecurity action plan amid deepening US tech reliance appeared first on Crypto Briefing.

The post Polish Zloty: Dovish NBP tone risks downside – ING appeared on BitcoinEthereumNews.com. ING economists Rafal Benecki and Adam Antoniak argue that reduced prospects of further tightening by the European Central Bank (ECB) and Federal Reserve (Fed) should ease external pressure on the Zloty. However, they warn that market concerns over a potentially more dovish National Bank of Poland (NBP) are PLN-negative, and with Euro adoption distant, any softening in NBP rhetoric could pose greater downside risks compared with the Forint’s convergence support. PLN vulnerable to softer NBP tone “As the likelihood of further rate hikes from the European Central Bank has diminished and additional monetary tightening by the Federal Reserve this year appears increasingly doubtful, the external negative pressure on the zloty should diminish.” “Still, the FX market appears worried that the NBP may turn more dovish soon, which is PLN negative.” “By contrast, the National Bank of Hungary’s dovish r

The post Euro holds steady as traders assess Fed and ECB interest rate paths appeared on BitcoinEthereumNews.com. EUR/USD trades in a narrow range on Tuesday as traders await greater clarity on the Federal Reserve’s (Fed) and European Central Bank’s (ECB) interest rate paths. At the time of writing, EUR/USD is trading around 1.1436, little changed on the day. Inflation risks have moderated as Oil prices have fully unwound their US-Iran war-driven rally following last month’s interim peace agreement, which reopened shipping through the Strait of Hormuz. However, policymakers on both sides of the Atlantic continue to signal that monetary policy is likely to remain restrictive in the coming months, with inflation running above their respective 2% targets. ECB Governing Council member Fabio Panetta said on Tuesday that the “outlook remains fragile,” adding that “upside inflation and downside growth risks remain.” ECB Governing Council member Pierre Wunsch said on Monday that “it seems that

The post UK FCA Warns Banks on Autonomous AI Agents appeared on BitcoinEthereumNews.com. TLDR UK FCA warned that autonomous AI agents could transform retail financial services by automating financial decisions and transactions. The report identified tokenized money and systemic stablecoins as potential settlement infrastructure for AI-driven financial systems. Regulators proposed seven recommendations, including trusted agentic finance protocols and expansion of the FCA AI Lab. Research showed that 20% of UK adults are willing to let AI make financial decisions on their behalf. Sheldon Mills said firms must remain accountable for AI actions and stressed that a human should always bear responsibility. The UK FCA outlined a new regulatory direction as autonomous AI rapidly reshapes retail financial services. The UK FCA said AI agents could soon manage financial decisions without constant human involvement. The report also identified tokenized money and stablecoins as possible settlement

The post Euro: ECB support limited by spreads – NBC appeared on BitcoinEthereumNews.com. National Bank of Canada ’s (NBC) Stéfane Marion and Kyle Dahms note the Euro (EUR) fell toward 1.13 in June despite a more hawkish European Central Bank (ECB), underscoring that EUR/USD remains driven by relative rates. Widening 2-year Bund–Treasury spreads weigh on the pair, while speculative positioning is now more balanced. They target EUR/USD at 1.18 by year-end, assuming broad Dollar moderation as Fed repricing matures. Euro needs Dollar relief “The euro has weakened despite a more hawkish ECB, reinforcing that EUR/USD remains mostly a relative-rates story. Short-term spreads have moved against the common currency, while softer inflation reduces the need for a more aggressive ECB response. Still, positioning is now less stretched than a quarter ago.” “In the near term, the euro still needs dollar relief to reach our year-end target.” “Short-term yield spreads remain the clearest headwind. The