| Currency pairs | Exchange Rate as of 11:07am AST 28 January 2021 | Exchange Rate as of 10:11 pm AST 31 January 2021 |
| AUD/USD | 0.7681 | 0.7639 |
| USD/CAD | 1.2774 | 1.2781 |
| USD/CNY | 6.4822 | 6.4250 |
| EUR/USD | 1.2118 | 1.2130 |
| USD/INR | 73.0500 | 72.8770 |
| GBP/USD | 1.3715 | 1.3714 |
| USD/JPY | 104.0600 | 104.6500 |
| USD/MXN | 20.7000 | 20.4010 |
| USD/DKK | 6.1554 | 6.1323 |
| USD/NOK | 8.6242 | 8.5628 |
Australia only recently started its quantitative-easing program, yet the key question already confronting the central bank is when and how to taper bond purchases given the strong economic recovery. Australia Central Bank Faces Taper Quandary as Peers on Hold – Bloomberg
Dogecoin, a Shiba Inu-themed digital coin that started as a joke and became the latest obsession for retail traders this week, plunged almost by half Saturday, sparking a flurry of posts on Reddit and Twitter begging coin holders not to panic sell. Dogecoin Plunges After Rally, Sparking Outcry on Reddit – Bloomberg
The European Central Bank’s chief economist Philip Lane played down the prospect of the ECB buying stocks or bank bonds as part of its pandemic-fighting efforts, saying in a newspaper interview published on Sunday these were not in its toolbox. ECB’s Lane says stocks, bank bonds not in toolbox: paper | Reuters
Cutting the UK’s official interest rate below zero would fail to boost Britain’s Covid-stricken economy because lenders would increase mortgage costs in response, the Bank of England has been told. Negative interest rates would not help Covid economy, Bank of England told (msn.com)
Bitcoin prices on Indian crypto exchanges fell 7-8% on Sunday afternoon after the government announced it would introduce India’s cryptocurrency bill in the budget session of the Parliament. https://economictimes.indiatimes.com/tech/tech-bytes/crypto-community-panics-on-news-of-pvt-currencys-exit/articleshow/80620693.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
31 January 2021
Alton Drew 