Links you should follow …
Trading desks. As Beijing attempts to regulate and suppress the cryptocurrency boom, traders have been evading regulatory oversight by using over-the-counter trading desks. https://www.investing.com/news/cryptocurrency-news/chinese-traders-turn-to-otc-desks-amid-regulatory-crackdown-2519626
Trading desks. A study by UNSW Business School associate professors Elise Payzan-LeNestour and James Doran looked at how ambient sound affects financial traders’ abilities to perceive financial risks. https://www.financialstandard.com.au/news/how-noise-impacts-trading-performance-179778519
Interbank. Global financial regulators on Wednesday urged firms to stop using Libor by the end of the year, and said derivatives markets linked to the tarnished interbank rate should switch to “risk free rates” or RFRs compiled by central banks. https://www.reuters.com/article/us-g20-libor-regulator-idUSKCN2DE112
Foreign exchange rates of interest; 30-day range from 2 May 2021 to 2 June 2021
|Currency Pairs||Rates as of 10:30 am AST 2 June 2021||Rates as of 2 May 2021||Percentage Change|
The Eastern Caribbean region saw its foreign exchange rate decrease or remain flat between the European Union, Great Britain, the United States, and Canada. The Euro price for the Eastern Caribbean dollar fell 1.7% to EUR 0.3029 from EUR 0.3080 on 2 May 2021. The pound price of an Eastern Caribbean dollar fell 2.6% to EUR 0.2610 from its 2 May 2021 level of EUR 0.2679. The Canada dollar price of the XCD fell 1.9%.
The Trinidad and Tobago dollar was a mixed bag over the same 30-day period. The Canada dollar price for TTD fell 1.5% from CAD 0.1776 to CAD 0.1750. The Euro price of the TTD fell 1.2% to EUR 0.1188 from EUR 0.1203. Meanwhile, the pound price of the TTD fell 2.2%.
The price for the Guyanese dollar remained flat over the period 2 May 2021 to 2 June 2021.