Interbank market news scan: Central banks, foreign exchange; New Zealand stands pat on interest rates …

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The Central Bank of Nigeria (CBN) sold a total of $10.308 billion in the foreign exchange (FX) market in the first six months of 2020. Nigeria: FX Market – CBN Intervened With U.S.$10.308 Billion in Six Months – allAfrica.com

A Canadian energy firm became the world’s first nonfinancial issuer to sell debt linked to the main LIBOR alternative, a boost for policymakers in their struggle to encourage market adoption of the new financial benchmark. Corporate Bond Sale Boosts Campaign to Kill off LIBOR | Treasury & Risk (treasuryandrisk.com)

Central bank support for pandemic-hit economies looks to endure well past the recovery in output, leaving investors little option but to keep chasing a parabolic bull market until the fabled “punch bowl” is eventually removed. Column: Central Bank ‘Punch Bowl’ Still Brimming for Markets | Investing News | US News

New Zealand’s central bank is expected to leave interest rates unchanged at its first monetary policy decision of 2021 next week, as the economy rebounds faster from the coronavirus pandemic, but any tightening is still a long way off. New Zealand central bank to stand pat as economy rebounds – Reuters poll (msn.com)

Northern Trust (Nasdaq: NTRS) is experiencing strong demand for its Foreign Exchange (FX) currency management services with a number of significant new mandates over the past 12 months. Northern Trust Expands Foreign Exchange Currency Management Services Footprint with Key New Mandates (apnews.com)

Currency pairsExchange Rate as of 4:15 pm 16 February 2021(1) As of 8:24 am EST Exchange Rate as of 19 February 2021(2)(3)
AUD/USD0.7762 0.7859
USD/CAD1.2694 1.2612
USD/CNY6.4567 6.4540
EUR/USD1.2126 1.2135
USD/INR72.6000 72.4710
GBP/USD1.3855 1.4001
USD/JPY104.9400 105.3800
USD/MXN19.9300 20.3620
USD/DKK6.1325 6.1264
USD/NOK8.4558 8.4253
BTC/USD  51,893.7000
ETH/USD  1,896.1500
Sources: Federal Reserve(1); Reuters-FX rates(2), OANDA-crypto rates(3)

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