Interbank Market News Scan: Traders should be mindful of the difference between brokers; Treasury provides assessment of US economy.

Alton Drew, ,

Interbank. Why do market-makers provide high leverage? Given that a high percentage of forex traders lose money, do these brokers take advantage of traders’ risk? Or do brokers pass the orders to the interbank network and make money off of spreads? Here are a few answers. https://www.fxstreet.com/education/are-market-making-brokers-taking-advantage-of-high-leverage-answers-to-painful-questions-202201181529 Source: FXStreet.

Interbank, Ghana. As expected, the Monetary Policy Committee of the Bank of Ghana has kept the policy rate at 14.5%. https://www.myjoyonline.com/policy-rate-kept-unchanged-at-14-5-interest-rates-record-mixed-trends/ Source: MyJoyOnline.

Interbank, U.S. Treasury. The U.S. Department of the Treasury announces marketable borrowing estimates. https://home.treasury.gov/news/press-releases/jy0575.

Interbank, U.S. Treasury. Benjamin Harris, Treasury Department assistant secretary, issues statement on U.S. economic status and expectations. https://home.treasury.gov/news/press-releases/jy0574.

Foreign exchange rates of interest

EUR/USD=1.1187

GBP/USD=1.3429

USD/MXN=20.7222

USD/GTQ=7.5034

USD/NGN=415.212

USD/GHS=6.2370

USD/VND=22,646.7

USD/JPY=115.32

USD/INR=74.7022

Source: OANDA

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.