While the economic recovery around the world remains uneven, fragile, and unbalanced across sectors, financial markets are generally doing very well, thanks! In the United States, only half of the unemployment caused by the pandemic last year has been reversed, while stock markets continued to boom. Of course, this largely reflected the extraordinary support given by monetary authorities since March last year. Central Banks and Inequality – Economic News, Analysis, and Discussion (thestreet.com)
Interest in bitcoin and other cryptocurrencies may be surging, but central banks don’t want to be left behind by financial innovation. In fact, more than 80% are examining how to launch digital versions of their own currencies. Why central banks want to launch digital currencies (msn.com)
Mexico’s central bank on Thursday cut its benchmark interest rate for the first time since September, flagging uncertainty over the economic outlook and global efforts to tackle the COVID-19 pandemic. Mexico Central Bank Cuts Interest Rates, Says Outlook Uncertain | Investing News | US News
| Currency pairs | Exchange Rate as of 4:15 pm 8 February 2021(1) | As of 12:38 pm EST Exchange Rate as of 11 February 2021(2) | |
| AUD/USD | 0.7656 | 0.7749 | |
| USD/CAD | 1.2781 | 1.2689 | |
| USD/CNY | 6.4664 | 6.4542 | |
| EUR/USD | 1.2035 | 1.2121 | |
| USD/INR | 72.8500 | 72.7080 | |
| GBP/USD | 1.3714 | 1.3820 | |
| USD/JPY | 105.4400 | 104.6800 | |
| USD/MXN | 20.1300 | 19.9915 | |
| USD/DKK | 6.1785 | 6.1327 | |
| USD/NOK | 8.5428 | 8.4619 |
11 February 2021 8:41 pm EST
Alton Drew, Consiglieri 