Links you should follow …
Interbank. The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, decreased 4 basis points to 2.187 percent Tuesday. http://www.china.org.cn/china/Off_the_Wire/2021-06/01/content_77540607.htm
Interbank. The Korea Interbank Offered Rates (KORIBOR) as posted by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m. https://en.yna.co.kr/view/AEN20210601004000320
Interbank. Chile’s peso outperformed Latin American peers on Monday as prices for the country’s top export, copper,rose on supply concerns, while the Peruvian sol fell ahead of final round presidential elections on June 6. https://www.reuters.com/article/emerging-markets-latam/emerging-markets-chiles-peso-outperforms-perus-sol-drops-ahead-of-elections-idUSL2N2NI1E4
Interdealer. Dealers saw some buying on the first day of June, perhaps motivated by the Bank of Japan not making any changes to its bond buying plan, but flows in the interdealer market were very light. With no JGB auction or BoJ bond buying operations scheduled for today, the market may be waiting for the US bond market to reopen after yesterday’s Memorial Day holiday and provide near-term direction to JGBs. https://www.nasdaq.com/articles/jpn-govts-close%3A-jgbs-do-little-all-day-interdealer-market-very-quiet-2021-06-01
Foreign exchange. China’s central bank said on Monday that it would raise the amount of money that financial institutions must set aside as reserves for their foreign exchange deposits, in the latest move to curb the yuan’s recent rapid appreciation. https://www.scmp.com/economy/china-economy/article/3135520/chinas-central-bank-moves-slow-yuans-rise-concerns-rise-over
Foreign exchange. The dollar hovered near five-month lows on Tuesday as investors waited for euro zone inflation data and a U.S. manufacturing survey, while the yuan steadied after China’s central bank took steps to limit its appreciation. https://www.cnbc.com/2021/06/01/forex-markets-dollar-us-federal-reserve-british-pound.html
Foreign exchange rates of interest: Eastern Caribbean, Guyana, Trinidad and Tobago …
| Currency Pairs | Rates as of 10:30 am AST 1 June 2021 |
| EUR/XCD | 3.2959 |
| GBP/XCD | 3.8319 |
| USD/XCD | 2.7000 |
| CAD/XCD | 2.2364 |
| EUR/TTD | 8.1434 |
| GBP/TTD | 9.4676 |
| USD/TTD | 6.6710 |
| CAD/TTD | 5.5257 |
| EUR/GYD | 245.1550 |
| GBP/GYD | 285.0200 |
| USD/GYD | 200.8310 |
| CAD/GYD | 166.3500 |
Alton Drew 