Reserve Bank of Australia’s cash rate target is 0.1%; 3-year Australian Government Bond Yield target, 0.1%; inflation rate, 0.9%. Reserve Bank of Australia (rba.gov.au)
The European Central Bank will pay the currency bloc’s 19 central banks 1.6 billion euros in dividends this year, down from the 2.4 billion euros it paid a year ago as its profit declined, it said in a statement on Thursday. ECB cuts dividend payment to euro zone central banks | Nasdaq
Deutsche Bank AG scaled back plans for its bonus pool after the European Central Bank objected to proposed payout levels, highlighting the challenges of rewarding top performers while heeding demands for restraint during the global pandemic. Deutsche Bank Cut Bonus Pool Plans After Criticism From ECB (msn.com)
Currency pairs
Exchange Rate as of 4:15 pm 16 February 2021(1)
As of 12:54 pm EST Exchange Rate as of 18 February 2021(2)(3)
AUD/USD
0.7762
0.7779
USD/CAD
1.2694
1.2701
USD/CNY
6.4567
6.4869
EUR/USD
1.2126
1.2079
USD/INR
72.6000
72.6500
GBP/USD
1.3855
1.3948
USD/JPY
104.9400
105.7300
USD/MXN
19.9300
20.4150
USD/DKK
6.1325
6.1593
USD/NOK
8.4558
8.4637
BTC/USD
48,358.6000
ETH/USD
1,700.6400
Sources: Federal Reserve (1), Reuters-FX rates (2), OANDA-crypto rates
With global demand returning and supply bottlenecks likely to drive up shipping, food and energy prices, Bank of America believes emerging market inflation could be on the horizon. BofA recommended buying currencies backed by hawkish central banks or a robust balance of payments — namely the Brazilian real, Chinese yuan, Czech koruna and South Korean won — along with oil exporters, most notably the Russian rouble and Russian equities. Bank of America names the emerging market currencies to back as inflation risks mount (cnbc.com)
Currency pairs
Exchange Rate as of 4:15 pm 8 February 2021(1)
As of 12:36 pm EST Exchange Rate as of 16 February 2021(2)(3)
Indonesia’s central bank is seen trimming its benchmark rate for the first time this year on Thursday, on top of the five rate cuts it has delivered since the start of the coronavirus pandemic, according to a majority of analysts in a Reuters poll. Indonesia’s central bank seen making this year’s first rate cut | The Star
Central banks in emerging economies are set to move in different directions this year: Some remain in an easing mode and are expected to lower borrowing costs further, with Bloomberg Economics predicting cuts in China, Indonesia, India and Mexico. Emerging-Market Central Banks Are Set for a Hawkish Turn (msn.com)
India’s foreign exchange reserves declined by $6.240 billion during the week ended February 5. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves decreased to $583.945 billion from $590.185 billion reported for the week ended January 29. India’s foreign exchange reserves plunges by over $6 bn (sify.com)
The safe-haven dollar started the week near two-week lows on Monday, as optimism about COVID-19 vaccine rollouts and a planned $1.9 trillion U.S. stimulus package drove up riskier currencies and stock markets across Europe and Asia. Dollar weakens as market optimism lifts riskier currencies | Reuters
Currency pairs
Exchange Rate as of 4:15 pm 8 February 2021(1)
As of 9:30 am EST Exchange Rate as of 15 February 2021(2)(3)
World shares dipped on Friday as investors awaited progress towards more U.S. fiscal stimulus, while the dollar was set for a weekly loss and cryptocurrency Bitcoin hit a record high. World shares dip and Bitcoin hits record high – Metro US
Currency pairs
Exchange Rate as of 4:15 pm 8 February 2021(1)
As of 12:31 pm EST Exchange Rate as of 12 February 2021(2)
Interest in bitcoin and other cryptocurrencies may be surging, but central banks don’t want to be left behind by financial innovation. In fact, more than 80% are examining how to launch digital versions of their own currencies. Why central banks want to launch digital currencies (msn.com)
