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

Alton Drew, ,

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

EUR/USD=1.11917

GBP/USD=1.33881

USD/CAD=1.27352

USD/MXN=20.5102

USD/JPY=115.336

USD/NGN=415.632

USD/INR=75.3584

USD/CNY=6.3095

Source: OANDA

Dollar Index=97.39

Source: MarketWatch

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.