Interbank Market News Scan as of 14 July 2022, 9:35 am EDT

FX rates as of 9:06 am 14 July 2022

Currency PairExchange Rate
GBP/USD1.1898
USD/XCD2.7000
USD/JMD149.4500
USD/DOP53.9343
EUR/USD1.0048
USD/JPY137.2120
USD/CNH6.7273
DXY108.81

Source: OANDA 

Interbank, LIBOR. “The three-month London interbank offered rate for dollars notched its biggest increase since 2008, soaring to the highest level in more than three years as traders anticipate larger interest-rate hikes by the Federal Reserve.” — Yahoo!Finance. https://finance.yahoo.com/news/libor-jumps-most-since-2008-123439099.html?fr=sycsrp_catchall

Interbank, EURIBOR. “The three-month Euribor interbank borrowing rate rose above 0% for the first time since 2015 on Thursday as financial markets price an end to negative rates in the euro zone.” — Reuters. https://www.reuters.com/markets/rates-bonds/three-month-euribor-rises-above-0-first-time-since-2015-2022-07-14/

Interbank, China, People’s Bank of China. Liquidity in China’s interbank market is more than “reasonably ample,” a senior central bank official said, an indication that further interest rate cuts are unlikely.  Yahoo!Finance. https://finance.yahoo.com/news/pboc-sees-liquidity-more-ample-083756565.html?fr=sycsrp_catchall