LONDON, April 29 Reuters Switzerlands central bank is planning its first digital currency test with another country, one of its governing board members said on Thursday. Dozens of central banks around the world are looking to launch digital currencies in the coming years, but it will be vital that they can be exchanged and used […]

Powells speech yesterday and the FOMCs official postmeeting commentary suppressed speculations of early QE tapering and rate hikes. The Fed chairman focused on fragile economic recovery and reiterated the transitional nature of rising inflation based on a low base effect. The US dollar returned to moderate weakness on these statements. EURUSD went back above 1.21, […]

The preliminary estimate indicated an annualised growth rate of 6.4 for the US economy in the previous quarter. These figures marked an acceleration from the last quarter 4.3 but a bit worse than the average expectation of 6.8. With the latest increase, GDP was 0.4 higher than a year earlier, which means that economy has […]

LONDON, April 29 Reuters The pound edged up slightly against the euro on Thursday but was broadly flat against the dollar, having been temporarily boosted overnight after the Feds dovish outlook prompted a weaker dollar. Sterling hit a nineday high of 1.3979 in Asian trading after the U.S. Federal Reserve said it was too early […]