The post PBOC sets USD/CNY reference rate at 6.8167 vs. 6.8176 previous appeared on BitcoinEthereumNews.com.
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8167 compared to Friday’s fix of 6.8176 and 6.7643 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC’s management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts. Unlike the Western economies, the PBoC uses
Chinese banks' shift to net borrowing may signal a gradual tightening of monetary policy, potentially impacting short-term debt yields.
The post Chinese banks turn net borrowers of short-term funds, signaling liquidity glut is easing appeared first on Crypto Briefing.
The ECB's stance on stablecoins highlights potential disruptions to traditional banking and monetary policy, urging global regulatory alignment.
The post European Central Bank warns stablecoins pose financial risks and challenges to monetary policy appeared first on Crypto Briefing.
The post Gold drifts lower as stalled US-Iran talks, hawkish Fed outlook pressure prices appeared on BitcoinEthereumNews.com.
Gold price (XAU/USD) declines to near $4,535, snapping the two-day winning streak during the early Asian session on Monday. The precious metal loses ground amid the lack of progress in the US-Iran peace negotiations. Traders will closely monitor the Middle East developments as the tensions in the region are ongoing. Reuters reported on Sunday that Iranian officials said that talks with the US are continuing, but no nuclear commitments have been made. Meanwhile, Iran’s parliament speaker and top negotiator, Mohammad Bagher Ghalibaf, stated that Tehran will not accept any deal with Washington unless it ensures “the rights of the Iranian people are secured.” As the diplomatic exchanges continued, Israel expanded its ground attack in Lebanon, shattering a brittle truce with its northern neighbor. Federal Reserve (Fed) policymakers continued on Friday to signal the
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Iranian Foreign Minister Abbas Araghchi said that talks and message exchanges with the United States (US) were onongoing buttressed that no assessment of negotiations could be made until a clear outcome was reached, Reuters reported on Sunday. Separately, Iran’s parliamentary national security committee spokesman Ebrahim Rezaei stated that the country has made no nuclear commitments to Washington. Rezaei warned that the US must choose between Iranian diplomats or Iranian missiles, per state media reports. Iran’s parliament speaker and top negotiator, Mohammad Bagher Ghalibaf, noted that Tehran will not accept any deal with Washington unless it ensures “the rights of the Iranian people are secured.” As the diplomatic exchanges continued, Israel expanded its ground attack in Lebanon, shattering a brittle truce with its northern neighbor. Brent Crude Oil FAQs Brent Crude Oil
The post Stocks at Records as Oil Eases, Iran Tensions Linger appeared on BitcoinEthereumNews.com.
The S&P 500 closed at a new record on 26 May 2026, finishing at 7,519.47 as megacap tech and resilient earnings pushed indices to fresh highs Reuters reported. Just days earlier, oil fell hard after U.S. President Donald Trump said negotiations with Iran were in “final stages,” sending Brent to roughly $105.76 and WTI to about $99.22 on 20 May—a 4–5% slide on the day, per Reuters. But relief has limits. On 27 May, OFAC sanctioned Iran’s new Persian Gulf Strait Authority—linked to the IRGC and accused of extorting vessels transiting Hormuz—adding it to the U.S. SDN list U.S. Department of the Treasury. Meanwhile, U.S. data cited by Reuters showed a near 10 million-barrel weekly draw from the Strategic Petroleum Reserve around that week—a record move that tightens safety stocks even as prices dip. The Big Picture
Editor’s note: In Q1–Q2 2026, I kept hearing the same thing from energy PMs
A surge in oil prices could exacerbate inflation, impact monetary policy, and strain industries reliant on energy, affecting global economies.
The post ExxonMobil warns crude oil could surge to $160 per barrel as global inventories hit critical lows appeared first on Crypto Briefing.
A surge in oil prices could exacerbate inflation, impact monetary policy, and strain industries reliant on energy, affecting global economies.
The post ExxonMobil warns crude oil could surge to $160 per barrel as inventories hit historic lows appeared first on Crypto Briefing.