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Central banks in emerging economies are set to move in different directions this year: Some remain in an easing mode and are expected to lower borrowing costs further, with Bloomberg Economics predicting cuts in China, Indonesia, India and Mexico. Emerging-Market Central Banks Are Set for a Hawkish Turn (msn.com)
Climate activists are warning that central banks are taking a “risky gamble” with their strategies for addressing the financial risks from global warming. Central Banks Criticized for Risky Gamble on Climate Fight (msn.com)
The truth about capital flows is worth revisiting and remembering as economists, media members and politicians continue to waste so much brain space and emotion on the doings of central banks. They’re mistaken. Central banks quite simply do not matter. Jack Ma’s Ant Group Further Exposes The Fed And Central Banks As Afterthoughts (forbes.com)
India’s foreign exchange reserves declined by $6.240 billion during the week ended February 5. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves decreased to $583.945 billion from $590.185 billion reported for the week ended January 29. India’s foreign exchange reserves plunges by over $6 bn (sify.com)
The amount of money repatriated by Filipinos abroad fell last year for the first time since 2001 as the pandemic upended the global job market. Philippine Remittances See First Drop Since 2001 (msn.com)
The safe-haven dollar started the week near two-week lows on Monday, as optimism about COVID-19 vaccine rollouts and a planned $1.9 trillion U.S. stimulus package drove up riskier currencies and stock markets across Europe and Asia. Dollar weakens as market optimism lifts riskier currencies | Reuters
| Currency pairs | Exchange Rate as of 4:15 pm 8 February 2021(1) | As of 9:30 am EST Exchange Rate as of 15 February 2021(2)(3) | |
| AUD/USD | 0.7656 | 0.7782 | |
| USD/CAD | 1.2781 | 1.2658 | |
| USD/CNY | 6.4664 | 6.4542 | |
| EUR/USD | 1.2035 | 1.2123 | |
| USD/INR | 72.8500 | 72.6140 | |
| GBP/USD | 1.3714 | 1.3895 | |
| USD/JPY | 105.4400 | 105.3900 | |
| USD/MXN | 20.1300 | 19.9260 | |
| USD/DKK | 6.1785 | 6.1259 | |
| USD/NOK | 8.5428 | 8.4119 | |
| BTC/USD | 45,583.4000 | ||
| ETH/USD | 1,743.7500 |
15 February 2021
Alton Drew 