Interbank Market News Scan as of 3:01 pm AST; foreign exchange, interbank

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 pairExchange rate
USD/MXNMXN 19.8440
USD/JMDJMD 149.3260
USD/DOPDOP 56.7350
USD/HTGHTG 92.2640
USD/NGNNGN 409.5000
USD/INRINR 74.3350
Source: OANDA

Leave a Reply

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

You are commenting using your 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.