Interbank Market News Scan for 18 July 2022 at 9:25 am EDT

FX rates as of 8:59 am 18 July 2022

Currency PairExchange Rate
GBP/USD1.1867
USD/XCD2.7000
USD/JMD149.8960
USD/DOP53.8442
EUR/USD1.0087
USD/JPY138.5030
USD/CNH6.7568
DXY107.49
USD/BTC0.0001
USD/ETH0.0008

Source: OANDA 

Interbank, China, liquidity. “China’s central bank injected additional liquidity into the financial system for the first time since June as a growing mortgage-payment boycott and a virus flareup leads to a sense of crisis.” Yahoo! Finance. https://finance.yahoo.com/news/china-adds-liquidity-first-time-073518261.html?fr=sycsrp_catchall.

Interbank, Pakistan, rupee. “The Pakistani rupee on Monday plunged to an all-time low of 215 against the US dollar in the interbank trade, according to the Exchange Companies Association of Pakistan (ECAP) as the ruling PML-N’s thrashing in the Punjab by-elections has triggered political uncertainty in the country, The News reported.” Investing.com. https://in.investing.com/news/pak-rupee-plunges-to-alltime-low-after-bypoll-results-3278172.

Interbank, India, rupee. “The rupee slid to the psychologically low level of 80 in intra day trade before settling down by 15 paise at 79.97 (provisional) against the US currency on Monday due to a surge in crude oil prices and unrelenting foreign fund outflows.” Free Press Journal. https://www.msn.com/en-in/money/markets/rupee-settles-at-79-98-against-us-dollar-briefly-touches-80-usd-mark/ar-AAZGTbT.

Interbank, China, gold. “China’s benchmark prices for spot interbank gold transactions were lower Monday, according to the China Foreign Exchange Trade System.” The Bull.com. https://thebull.com.au/interbank-gold-prices-lower-on-monday/.