Interbank, Kazakhstan, tenge. “The Kazakh tenge KZT= weakened 2.6% to 509.70 per dollar on the interbank market on Friday, Eikon Refinitiv data showed.” See article here. Source: Nasdaq.
Interbank, China, foreign exchange. “The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Friday by the China Foreign Exchange Trade System.” See article here. Source: Xinhuanet.
Interbank, Russia, stock market. “A Russian stock market analyst pulled out a bottle and drank to the death of Russia’s stock market during an interview live on local television. The clip went viral Thursday, a week into the Russian invasion of neighboring Ukraine and as Russia’s economy is hammered with Western sanctions.” See article here. Source: CNBC.
Interbank, blockchain, bitcoin. “Dr. Eswar Prasad, professor of Trade Policy at Cornell University and author of ‘The Future of Money: How the Digital Revolution is Transforming Currencies and Finance,’ discusses the pros and cons of Bitcoin as a currency.” See article here. Source: CNBC.
Interbank, money markets. “A closely-watched measure of money-market stress and dollar funding conditions rose again on Friday to its highest level since May 2020, as the knock-on effects of the war in Ukraine rippled out globally.” See article. Source: Reuters.
Interbank, United States, labor, jobs report. Non-farm payrolls rose by 678,000 in February while the unemployment rate fell to 3.8%. See report here. Source: U.S. Bureau of Labor Statistics.
Foreign exchange rates and dollar index as of 9:40 am AST
EUR/USD=1.10805
GBP/USD=1.33712
USD/CAD=1.26463
USD/MXN=20.6664
USD/NGN=415.42
USD/GHS=6.80185
USD/INR=75.7279
USD/JPY=115.606
USD/CNY=6.31788
USD/BTC=0.00002
Source: OANDA
Dollar Index-98.58
Source: MarketWatch
Alton Drew, Consiglieri 