Tag: foreign exchange

19 January 2021

The United States Senate Committee on Finance today considers the nomination of Janet Yellen as Secretary of the Treasury. Hearing | Hearings | The United States Senate Committee on Finance

China’s interbank treasury bond index in net price opened lower at 980.92 points Monday, lower from the previous close of 981.93 points, according to the China Foreign Exchange Trade System. China’s interbank treasury bond index opens lower Monday – Xinhua | English.news.cn (xinhuanet.com)

The shift of jobs and assets to Paris after Brexit will accelerate this year, providing Europe with an opportunity to strengthen its own financial infrastructure, according to Bank of France Governor Francois Villeroy de Galhau. Bank of France Governor: Brexit Finance Shift to Paris to Accelerate in 2021 – Bloomberg

Australia’s major bank economists expect the country’s central bank to extend its A$100 billion ($77.05 billion) government bond buying programme beyond April with an updated guidance expected as soon as next month. Australia central bank seen extending QE beyond April – economists (msn.com)

More London-based financial firms are expected to relocate to France this year after Britain completed its Brexit transition, the head of the French central bank said on Tuesday. French central bank sees firms speeding up Brexit relocation this year | Reuters

Ether is closing in on an all-time high. The cryptocurrency, one of many alternatives to bitcoin, rallied as much as 17% on Tuesday to an intraday high of $1,439, according to data from industry site CoinDesk. Ether, the world’s second-biggest cryptocurrency, is closing in on an all-time high (msn.com)

Stablecoins are taking a promising step forward after the Department of the Treasury approved them for use by U.S. banks. While that helps them progress toward being a currency on par with those issued by governments, many are still unclear on what exactly stablecoins are and what sets them apart from other cryptocurrencies. What Are Stablecoins? Why Investors Are Moving To Cryptocurrency’s Safest Bet (ibtimes.com)