In recent weeks, central banks from China to Britain have deepened efforts to test and research such technology, in part as potential rivals like bitcoin move from the fringes of finance towards embrace by major investors and companies.
TOKYO: The dollar edged lower on Monday amid speculation that U.S. Federal Reserve Chairman Jerome Powell will shun talk of tapering bond purchases at a policy meeting this week.
The euro rose to a near two-month high against the greenback before data later on Monday forecast to show an improvement in German business sentiment, which would bolster hopes for a brighter economic outlook.
Powell is likely to face questions over whether an improving labour market and rising coronavirus vaccinations warrant a withdrawal of monetary easing, but most analysts expect him to say such talk is premature, which would put downward pressure on Treasury yields and the dollar.
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(Reuters) - New U.S. bank credit benchmarks are expected to gain traction in the coming months as the deadline to phase out exposure to the discredited Libor approaches, even as regulators continue to push an alternative called the Secured Overnight Financing Rate (SOFR).
FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo
Investors are facing a year-end deadline to stop basing new loans and trades on Libor, an acronym for the London Interbank Offered Rate. Some Libor rates will stop being published at the after Dec. 31, while others are scheduled to end in mid-2023.
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WASHINGTON (Reuters) - The U.S. economy is reopening and confidence is coming back. But air travel is still stuck at roughly 60% of where it was before the coronavirus pandemic, and on many days restaurant dining is not faring much better.
FILE PHOTO: A waiter sets up tables in front of a restaurant on a street on the first day of the phase two re-opening of businesses following the outbreak of the coronavirus disease (COVID-19), in the Manhattan borough of New York City, New York, U.S., June 22, 2020. REUTERS/Carlo Allegri
That depressed level of business activity will likely improve if the COVID-19 health crisis eases as expected, but what if some of it sticks?
Tiff Macklem eyes the other side of the crisis: balancing inflation risk with an inclusive recovery theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.