Interbank Market News Scan: U.S., Europe take action against Russian banks.

Alton Drew,

Interbank, Russia, SWIFT. The United States, Europe, and Canada take action to remove certain Russian banks from the Society for Worldwide Interbank Financial Telecommunication. See article here. Source: CNBC

Interbank, China, foreign exchange market. China’s foreign exchange (forex) market recorded transactions of 19.45 trillion yuan ($3.08 trillion) in January, official data showed on Friday. See article here. Source: Ecns.cn

Interbank, Nigeria, foreign exchange market. The value of the Naira to the Dollar at the Peer-2-Peer (P2P) segment of the foreign exchange (forex) market on Friday went down by N2 to close the day at N575/$1 as against N573/$1 it traded on Thursday. See article here. Source: BusinessPost

Foreign exchange rates of interest in Asia as of 11:04 AST:

USD/JPY=115.521

AUD/USD=0.7225

NZD/USD=0.67419

USD/CNY=6.3161

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.