Category: banks

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Interbank market news scan: Trump makes an inflation promise that he can’t keep.

U.S. President Donald J. Trump promised today during his inaugural address that he would address the levels of inflation brought on by government overspending and high energy costs. He offered as a solution the old mantra, “Drill, baby, drill” implying that increases in the supply of American extracted and processed oil and gas would increase … Continue reading Interbank market news scan: Trump makes an inflation promise that he can’t keep.

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The 119th Congress takes its seat tomorrow as the dollar continues to strengthen.

The GOP-controlled 119th Congress will take its seat around noon tomorrow. Over in the House chamber, there will be a vote for the Speaker of the House. Meanwhile, results from the Pan-European Manufacturing Purchasing Managers Index demonstrates the danger of making a five day call on where the EUR/USD may end up at week’s end. … Continue reading The 119th Congress takes its seat tomorrow as the dollar continues to strengthen.

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Looking behind the gardened walls of central banks

Where are the trading desks of the Federal Reserve System and the European Central Bank moving markets? Back in mid-December, the Federal Open Market Committee directed its trading desk at the Federal Reserve Bank of New York to undertake open market operations to maintain the federal funds rate between the target range of 4.25% and … Continue reading Looking behind the gardened walls of central banks

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If FDI inflows are trending down, shouldn’t price of USD follow?

With all the talk of Brazil, Russia, India, China, and South Africa going their own way by moving away from the USD, the presumptive president-elect seeking a weaker dollar that promotes the export of goods manufactured in the United States, and a downward trend in foreign direct investment inflows to the United States, it would … Continue reading If FDI inflows are trending down, shouldn’t price of USD follow?

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The Interbank Market: Decreasing amount of bitcoin meets liquidity crunch.

Liquidity Bitcoin. Bitcoin’s nascent DeFi scene is getting a lot of excitement, with proponents saying that it will ultimately unlock more than $1 trillion in idle capital that currently does nothing more than act as a store of value. Analytics Insight. Bitcoin. Bitcoin’s price trajectory has reached new heights, nearly hitting the $100,000 mark post-election, … Continue reading The Interbank Market: Decreasing amount of bitcoin meets liquidity crunch.

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Interbank and Liquidity News Scan: Kashkari is open to a December rate cut.

Kashkari. Interest rates. Federal Reserve Bank of Minneapolis President Neel Kashkari, typically on the hawkish end of the U.S. central bank’s policy spectrum, said on Monday he is open to cutting interest rates again next month. Reuters. Trump. Tariffs. Markets. The dollar rallied on Tuesday, while European shares fell, after U.S. President-elect Donald Trump pledged tariffs on … Continue reading Interbank and Liquidity News Scan: Kashkari is open to a December rate cut.