Interbank market scan: Central Banks and Foreign Exchange … and the year of the Ox.

Photo by RODNAE Productions on Pexels.com

Follow the links …

In a sign of continued maturity as a macro asset, bitcoin now looks to be leading the price action in the foreign exchange markets (FX). Bitcoin Starting to Lead FX Markets, Analysis of Tesla Reaction Shows: Report – CoinDesk

Group of Seven finance ministers are expected on Friday to back a new allocation of the International Monetary Fund’s own currency, or Special Drawing Rights, to help low-income countries hit by the coronavirus pandemic. GRAPHIC-Which countries would benefit most from an IMF SDR increase (msn.com)

World shares dipped on Friday as investors awaited progress towards more U.S. fiscal stimulus, while the dollar was set for a weekly loss and cryptocurrency Bitcoin hit a record high. World shares dip and Bitcoin hits record high – Metro US

Currency pairsExchange Rate as of 4:15 pm 8 February 2021(1) As of 12:31 pm EST Exchange Rate as of 12 February 2021(2)
AUD/USD0.7656 0.7725
USD/CAD1.2781 1.2694
USD/CNY6.4664 6.4542
EUR/USD1.2035 1.2124
USD/INR72.8500 72.6000
GBP/USD1.3714 1.3855
USD/JPY105.4400 104.9500
USD/MXN20.1300 19.9320
USD/DKK6.1785 6.1496
USD/NOK8.5428 8.4958
Sources: Federal Reserve (1) ; Reuters (2)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: