Foreign exchange rates as of 26 February 2021, 8:29 EST
AUS/USD : .7950
Bitcoin and Ethereum rates as of 26 February 2021, 8:29 EST
Interest rates of interest ….
Effective Federal Funds Rate: .07
Prime Rate: 3.25
Discount Window Rate: .25
Two-year Treasury: .12
Ten-year Treasury: 1.38
Thirty-year Treasury: 2.24
Source: Federal Reserve
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Central banks in Asia’s emerging economies added $467.7 billion to their foreign-exchange reserves last year, the most since 2013 when the region’s markets were rattled by the taper tantrum.
Asia’s Central Banks Build Taper Tantrum Levels of Reserves (bloombergquint.com)
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Sudan’s central bank steeply devalued the country’s currency, as part of a broader effort to win debt relief and revive the struggling economy.
Sudan Central Bank Devalues the Currency to Revive Economy (msn.com)
The Central Bank of Morocco is now studying the concept of central bank digital currencies (
CBDCs) and has set up a committee to extensively explore its pros and cons, according to reports on February 20, 2021. Morocco’s Central Bank Looks to Launch Own Digital Currency | BTCMANAGER
Assistant Governor Christopher Kent’s speech on FX markets around the turn of the year.
FX Markets Around the Turn of the Year | Speeches | RBA
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)
People’s Bank of China announced open market operation of RMB10 billion, seven days maturity, at 2.20%.
Open Market Operations No.33  (pbc.gov.cn)
Currency pairs Exchange Rate as of 4:15 pm 16 February 2021(1) As of 6:53 pm EST Exchange Rate as of 21 February 2021(2)(3) AUD/USD 0.7762 0.7877 USD/CAD 1.2694 1.2609 USD/CNY 6.4567 6.4555 EUR/USD 1.2126 1.2116 USD/INR 72.6000 72.5600 GBP/USD 1.3855 1.4012 USD/JPY 104.9400 105.3700 USD/MXN 19.9300 20.4320 USD/DKK 6.1325 6.1339 USD/NOK 8.4558 8.4627 BTC/USD 52843.4000 ETH/USD 1,859.5100 Sources: Federal Reserve(1); Reuters-FX rates(2); OANDA-Crypto rates(3)
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The Central Bank of Nigeria (CBN) sold a total of $10.308 billion in the foreign exchange (FX) market in the first six months of 2020.
Nigeria: FX Market – CBN Intervened With U.S.$10.308 Billion in Six Months – allAfrica.com
A Canadian energy firm became the world’s first nonfinancial issuer to sell debt linked to the main LIBOR alternative, a boost for policymakers in their struggle to encourage market adoption of the new financial benchmark.
Corporate Bond Sale Boosts Campaign to Kill off LIBOR | Treasury & Risk (treasuryandrisk.com)
Central bank support for pandemic-hit economies looks to endure well past the recovery in output, leaving investors little option but to keep chasing a parabolic bull market until the fabled “punch bowl” is eventually removed.
Column: Central Bank ‘Punch Bowl’ Still Brimming for Markets | Investing News | US News
New Zealand’s central bank is expected to leave interest rates unchanged at its first monetary policy decision of 2021 next week, as the economy rebounds faster from the coronavirus pandemic, but any tightening is still a long way off.
New Zealand central bank to stand pat as economy rebounds – Reuters poll (msn.com)
Northern Trust (Nasdaq: NTRS) is experiencing strong demand for its Foreign Exchange (FX) currency management services with a number of significant new mandates over the past 12 months.
Northern Trust Expands Foreign Exchange Currency Management Services Footprint with Key New Mandates (apnews.com)
Currency pairs Exchange Rate as of 4:15 pm 16 February 2021(1) As of 8:24 am EST Exchange Rate as of 19 February 2021(2)(3) AUD/USD 0.7762 0.7859 USD/CAD 1.2694 1.2612 USD/CNY 6.4567 6.4540 EUR/USD 1.2126 1.2135 USD/INR 72.6000 72.4710 GBP/USD 1.3855 1.4001 USD/JPY 104.9400 105.3800 USD/MXN 19.9300 20.3620 USD/DKK 6.1325 6.1264 USD/NOK 8.4558 8.4253 BTC/USD 51,893.7000 ETH/USD 1,896.1500 Sources: Federal Reserve(1); Reuters-FX rates(2), OANDA-crypto rates(3)
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Central banks shouldn’t try to fight climate change, as doing so could endanger financial stability and undermine their independence, a top Czech monetary official said.
Central Banks Can’t Fix Climate Change, Czech Policy Maker Says (msn.com)
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
18 February 2021
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Naci Agbal, Turkey’s new central bank governor, began his career as a financial inspector three decades ago. He hopes such devotion to the rules will see him – and the economy – through one of the trickiest turnaround jobs in emerging markets.
NEWSMAKER-Back-to-basics Agbal hopes this time is different at Turkey’s central bank | Nasdaq
China provided medium-term funds to lenders on Thursday, giving banks some relief after its cash drainage last month triggered the country’s worst liquidity squeeze since 2015.
China Rolls Over $31 Billion in Medium-Term Loans to Banks – Bloomberg
Zambia became the second country in the world to increase its benchmark interest rate this year as it seeks to bring down “spiraling” inflation that’s at a five-year high.
Zambia Central Bank Hikes Rate to Fight Surging Inflation – Bloomberg
Weakness in both the dollar and euro is posing a dilemma for investors about which is the best source of funding for emerging-market carry trades. On balance, the U.S. currency is still first choice.
Carry Traders Clash Over Which Major Currency Has Most to Lose – Bloomberg
New York Attorney General Letitia James announced on Wednesday her office has sued to shut down Coinseed, a cryptocurrency-trading app that prosecutors allege ignored securities laws and defrauded thousands of investors.
NY AG sues to shut down crypto app Coinseed alleging it sold a worthless currency and defrauded investors (msn.com)
Economist Nouriel Roubini, known as “Dr. Doom” for his pessimistic market views, said “the Flinstones had a better monetary system than bitcoin” in an
interview with Bloomberg Wednesday morning. The NYU professor argued bitcoin and other digital tokens shouldn’t even be considered currencies because they lack many of the basic traits currencies must possess. ‘Dr. Doom’ economist Nouriel Roubini says ‘the Flintstones had a better monetary system than bitcoin’ and the token should not be considered a currency (msn.com)
Currency pairs Exchange Rate as of 4:15 pm 16 February 2021(1) As of 2:10 am EST Exchange Rate as of 18 February 2021(2)(3) AUD/USD 0.7762 0.7754 USD/CAD 1.2694 1.2699 USD/CNY 6.4567 6.4505 EUR/USD 1.2126 1.2044 USD/INR 72.6000 72.7270 GBP/USD 1.3855 1.3851 USD/JPY 104.9400 105.9000 USD/MXN 19.9300 20.2248 USD/DKK 6.1325 6.1742 USD/NOK 8.4558 8.4960 BTC/USD 48,358.6000 ETH/USD 1,700.6400 Sources: Federal Reserve (1), Reuters-FX rates (2), OANDA-Crypto rates (3)
It would be misguided to expect cash-like features of a central bank digital currency, according to one of the monetary authorities furthest ahead in exploring such a system.
Central Bank Digital Money Won’t Replicate Cash, Sweden’s Riksbank Says (msn.com)
Fluency, the UK-based fintech created by Polish emigrants, plans to sell its cryptocurrency banking business and focus on working with central banks’ digital currency efforts, newspaper
Puls Biznesu reported on February 15. bne IntelliNews – Polish-UK fintech Fluency to focus on central banks’ digital currency
Democratic Republic of Congo’s economy grew 0.8% in 2020 on the back of strong performance in its mining sector, and is projected to grow 3.2% this year, a central bank advisor said on Tuesday.
Congo’s economy grew 0.8% in 2020, to rise 3.2% this year, says central bank | Reuters
Bank of Governor Haruhiko Kuroda said on Tuesday the recent stock price rally reflected market optimism over the global economic outlook, brushing aside views its ultra-loose monetary policy was fueling an asset price bubble.
BOJ’s Kuroda says stock boom reflects economic optimism, defends ETF scheme (cnbc.com)
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) AUD/USD 0.7656 0.7759 USD/CAD 1.2781 1.2698 USD/CNY 6.4664 6.4542 EUR/USD 1.2035 1.2102 USD/INR 72.8500 72.8160 GBP/USD 1.3714 1.3905 USD/JPY 105.4400 105.8800 USD/MXN 20.1300 20.2100 USD/DKK 6.1785 6.1383 USD/NOK 8.5428 8.4407 BTC/USD 45,471.7000 ETH/USD 1,683.8900 Sources: Federal Reserve (1) ; Reuters-foreign exchange rates (2); OANDA-crypto rates (3)
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Australia’s central bank believes it will take a significant and sustained tightening in the labor market to lift inflation to more comfortable levels, a tough task that could take years to achieve.
Australia’s central bank says tighter labor market will lift inflation (cnbc.com)
A body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks. The CBN order, which seeks snuff out crypto entities from the banking system, took effect on February 5, 2020.
Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions – Emerging Markets Bitcoin News
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
As cryptocurrencies increasingly go mainstream, pressure is growing on the world’s biggest central banks to move forward with their plans to issue digital cash and fend off private sector threats to traditional money.
Bitcoin’s mainstream charge raises stakes for central bank digital cash – Technology – Dunya News
Currency pairs Exchange Rate as of 4:15 pm 8 February 2021(1) As of 12:23 am EST Exchange Rate as of 16 February 2021(2)(3) AUD/USD 0.7656 0.7803 USD/CAD 1.2781 1.2619 USD/CNY 6.4664 6.4542 EUR/USD 1.2035 1.2139 USD/INR 72.8500 72.6320 GBP/USD 1.3714 1.3939 USD/JPY 105.4400 105.5800 USD/MXN 20.1300 19.9410 USD/DKK 6.1785 6.1255 USD/NOK 8.5428 8.3658 BTC/USD 45,471.7000 ETH/USD 1,683.8900 Sources: Federal Reserve (1) ; Reuters-exchange rates (2) ; OANDA-cryptocurrency (3)
16 February 2021
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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)
Climate activists are warning that central banks are taking a “risky gamble” with their strategies for addressing the financial risks from global warming.
Central Banks Criticized for Risky Gamble on Climate Fight (msn.com)
The truth about capital flows is worth revisiting and remembering as economists, media members and politicians continue to waste so much brain space and emotion on the doings of central banks. They’re mistaken. Central banks quite simply do not matter.
Jack Ma’s Ant Group Further Exposes The Fed And Central Banks As Afterthoughts (forbes.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 amount of money repatriated by Filipinos abroad fell last year for the first time since 2001 as the pandemic upended the global job market.
Philippine Remittances See First Drop Since 2001 (msn.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) AUD/USD 0.7656 0.7782 USD/CAD 1.2781 1.2658 USD/CNY 6.4664 6.4542 EUR/USD 1.2035 1.2123 USD/INR 72.8500 72.6140 GBP/USD 1.3714 1.3895 USD/JPY 105.4400 105.3900 USD/MXN 20.1300 19.9260 USD/DKK 6.1785 6.1259 USD/NOK 8.5428 8.4119 BTC/USD 45,583.4000 ETH/USD 1,743.7500 Sources: (1) Federal Reserve ; (2) Reuters-currency rates; (3) OANDA-crypto rates
15 February 2021
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In a sign of continued maturity as a macro asset, bitcoin now looks to be leading the price action in the foreign exchange markets (FX).
Bitcoin Starting to Lead FX Markets, Analysis of Tesla Reaction Shows: Report – CoinDesk
Group of Seven finance ministers are expected on Friday to back a new allocation of the International Monetary Fund’s own currency, or Special Drawing Rights, to help low-income countries hit by the coronavirus pandemic.
GRAPHIC-Which countries would benefit most from an IMF SDR increase (msn.com)
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) AUD/USD 0.7656 0.7725 USD/CAD 1.2781 1.2694 USD/CNY 6.4664 6.4542 EUR/USD 1.2035 1.2124 USD/INR 72.8500 72.6000 GBP/USD 1.3714 1.3855 USD/JPY 105.4400 104.9500 USD/MXN 20.1300 19.9320 USD/DKK 6.1785 6.1496 USD/NOK 8.5428 8.4958 Sources: Federal Reserve (1) ; Reuters (2)
While the economic recovery around the world remains uneven, fragile, and unbalanced across sectors, financial markets are generally doing very well, thanks! In the United States, only half of the unemployment caused by the pandemic last year has been reversed, while stock markets continued to boom. Of course, this largely reflected the
extraordinary support given by monetary authorities since March last year. Central Banks and Inequality – Economic News, Analysis, and Discussion (thestreet.com)
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)
Mexico’s central bank on Thursday cut its benchmark interest rate for the first time since September, flagging uncertainty over the economic outlook and global efforts to tackle the COVID-19 pandemic.
Mexico Central Bank Cuts Interest Rates, Says Outlook Uncertain | Investing News | US News
Currency pairs Exchange Rate as of 4:15 pm 8 February 2021(1) As of 12:38 pm EST Exchange Rate as of 11 February 2021(2) AUD/USD 0.7656 0.7749 USD/CAD 1.2781 1.2689 USD/CNY 6.4664 6.4542 EUR/USD 1.2035 1.2121 USD/INR 72.8500 72.7080 GBP/USD 1.3714 1.3820 USD/JPY 105.4400 104.6800 USD/MXN 20.1300 19.9915 USD/DKK 6.1785 6.1327 USD/NOK 8.5428 8.4619 Sources: Federal Reserve(1) ; Reuters(2)
11 February 2021 8:41 pm EST