Interbank Market News Scan: Rupee jumps against the U.S. dollar; bridging the global trade financing gap with Commercial Data Interchange

Alton Drew,

Interbank, India, rupee. The rupee surged 45 paise to close at 74.62 (provisional) against the U.S. dollar on January 31 supported by positive domestic equities and improved risk appetite. Source: The Hindu. https://www.thehindu.com/business/markets/rupee-jumps-45-paise-to-close-at-7462-against-us-dollar/article38353579.ece

Interbank, Ukraine. The National Bank of Ukraine (NBU) has recorded a decline in currency demand on the interbank foreign exchange market last Friday, according to a press release issued by the central bank, Ukrinform reports. Source: Ukrinform. https://www.ukrinform.net/rubric-economy/3394687-nbu-records-decrease-in-currency-demand-on-interbank-market.html

Interbank, Bank for International Settlements. Eddie Yue makes argument for closing the trade finance gap with better connectivity between digital finance platforms. Source: Bank for International Settlements. https://www.bis.org/review/r220126a.htm

Foreign exchange rates of interest to Atlanta

EUR/USD=1.1148

GBP/USD=1.3398

USD/MXN=20.7989

USD/GTQ=7.5066

USD/NGN=415.160

USD/GHS=6.2239

USD/VND=22,645.0

USD/JPY=115.23

USD/INR=74.9150

USD/BTC=0.00003

USD/ETH=0.00039

Source: OANDA

MarketWatch Dollar Index=96.92

Published by Alton Drew

I graduated from The Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). I am a member of the Maryland Bar and practice political law. You can follow me on Twitter @altondrew. You can email me at altondrew@altondrew.com.