As of 11:11 am EST, 9 November 2020:
How to read the chart:
CAD/USD: If you come to the United States with one Canadian dollar (CAD)and wish to sell it for a US dollar (USD), the market price is .76559 USD.
USD/CAD: If you take a US dollar (USD) to Canada and wish to sell it for a Canadian dollar (CAD), the market price is 1.30530 CAD
CAD/USD=0.76559 USD/CAD=1.30530
CNH/USD= 0.15166 USD/CNH=6.58901
EUR/USD= 1.18728 USD/EUR=0.84194
DKK/USD =0.15925 USD/DKK=6.27257
NGN/USD= 0.00261 USD/NGN=381.500
JPY/USD=0.00967 USD/JPY=103.34
INR/USD=0.01350 USD/INR=73.8010
JMD/USD=0.00675 USD/JMD=145.128
GYD/USD=0.00478 USD/GYD= 209.215
GHS/USD=0.17141 USD/GHS= 5.82600
XCD/USD=0.37037 USD/XCD= 2.70
KES/USD = 0.00909 USD/KES= 108.121
Source: OANDA
Major political/legal event in the United States:
Presumptive president-elect Joseph R. Biden has launched a transition website that describes his initial initiatives he plans to address upon taking office in January 2021. Mr Biden appears prepared to engage in a level of spending to address faults and inequities in the American economic infrastructure that were in place prior to the Covid pandemic. Spending initiatives include:
- Providing state, local, and tribal governments with financial assistance;
- Extending Covid crisis unemployment insurance to people out of work;
- Provide a financial package for small businesses and entrepreneurs;
- Creation of a public health corps that puts the unemployed to work fighting the pandemic.
No discussion has been provided by the transition team yet on the costs of these packages and the impact they may have on money supply expansion/contraction, trade, or foreign exchange rates.
Source: BuildBackBetter.com
Alton Drew 