FX rates as of 9:34 am 15 July 2022
|Currency Pair||Exchange Rate|
Interbank, China, carry trade. “Easy liquidity conditions in China are fueling a lucrative carry trade in bonds, with traders betting the gains will be sustained despite signs the central bank is moving toward normalizing monetary policy.” Yahoo! Finance. https://finance.yahoo.com/news/china-bond-traders-cashing-easy-005924044.html?fr=sycsrp_catchall
Interbank, Pakistan. “The rupee recovered 8 paise to settle at 79.91 (provisional) against the US currency on Friday, tracking heavy buying in domestic equities and weakness in the greenback overseas.” MSN. https://www.msn.com/en-in/money/markets/rupee-recovers-8-paise-to-close-at-79-91-against-us-dollar/ar-AAZBOTX
Interbank, China, RMB, Shibor. The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, increased 1.6 basis points to 1.211 percent Friday. China.org.cn. http://www.china.org.cn/china/Off_the_Wire/2022-07/15/content_78325114.htm
Disclaimer: This blog post should not be construed as legal advice or an agreement to provide legal or political analysis. To set up a consultation, contact us at firstname.lastname@example.org.
We appreciate your readership and support. Feel free to donate to us via PayPal or support our advertisers. We are also seeking sponsors for our blog. Contact us at email@example.com.