11 July 2021
Links to follow ….
Interbank. Biden issues executive order addressing bank mergers, competition. Executive Order on Promoting Competition in the American Economy | The White House
Foreign exchange. The first country to get hit by the pandemic has become the first global economy to stumble as the world begins to heal, pushing investors to reconsider where China fits on the old-fashioned continuum of emerging and developed markets. China’s Easing Forces Traders to Rethink How They Label Markets – Bloomberg
Federal Reserve Bank of New York. The Federal Reserve Bank of New York today announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin gradual sales of its corporate bond holdings on July 12, 2021. The New York Fed also released an updated set of Frequently Asked Questions regarding the sales of these assets. New York Fed Announces the Start of Secondary Market Corporate Credit Facility Corporate Bond Sales on July 12 – FEDERAL RESERVE BANK of NEW YORK
Exchange rates of interest as of 3:00 pm AST
| Currency pair | Exchange rate |
| USD/XCD | XCD 2.70 |
| USD/MXN | MXN 19.8440 |
| USD/JMD | JMD 149.3260 |
| USD/DOP | DOP 56.7350 |
| USD/HTG | HTG 92.2640 |
| USD/NGN | NGN 409.5000 |
| USD/GHS | GHS 5.8993 |
| USD/INR | INR 74.3350 |
Alton Drew, Consiglieri 