Interbank Market News Scan: U.S. to release 30 million barrels of oil from its strategic petroleum reserves.

Interbank, Federal Reserve Bank of New York, credit. “The Federal Reserve Bank of New York today released the second installment of The State of Low-Income America: Credit Access and Debt Payment. The report finds that payment rates and median credit scores rose for all income groups through September 30, 2021.” See press release and report here. Source: Federal Reserve Bank of New York.

International Energy Agency, European Commission, White House. President Joe Biden announces release of 30 million barrels of oil from the United States’ strategic petroleum reserves. See press release here, Source: Executive Office of the President.

Interbank, Treasury, South Korea. “The United States and Korea pledged to continue to work closely with the international community to respond to Russia’s aggressive actions that violate Ukraine’s sovereignty.” See press release here. Source: U.S. Department of the Treasury.

Foreign exchange rates of interest at 3:15 pm AST









Source: OANDA

Dollar Index=97.39

Source: MarketWatch