Category: banks

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Eastern Caribbean Central Bank and St. Kitts-Nevis commercial bank rates as of 11:54 am AST.

Eastern Caribbean Central Bank Foreign exchange rates USD/XCD=2.7000 EUR/USD=2.8862 GBP/USD=3.4121 Monetary policy tools Discount Rate: 3.0% Call Rate: 2.4% Source: Eastern Caribbean Central Bank Government of St. Kitts and Nevis Sovereign Debt 45-year Government Bond-$134,406,530 XCD; Maturity 18 April 2057; Rate 1.50% 20-year Government Bond-$19,563,227 USD; Maturity 18 April 2032; Rate 3.00% Source: Eastern Caribbean … Continue reading Eastern Caribbean Central Bank and St. Kitts-Nevis commercial bank rates as of 11:54 am AST.

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Interbank market news scan: Kugler continues the Fed Speak on inflation.

Today, Federal Reserve System governor Adriana D. Kugler reiterated in remarks what we have been hearing from other Federal Reserve Board members: that inflation is still too high, even given the progress on lowering it. Governor Kugler pointed out that inflation is moving down slowly and that easing rates is possible later this year. Like … Continue reading Interbank market news scan: Kugler continues the Fed Speak on inflation.

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Retail foreign exchange dealer news scan: Federal Reserve administered and referenced rates as of 8:00 pm EST.

Effective Federal Funds Rate: 5.33% Overnight Bank Funding Rate: 5.32% Secured Overnight Financing Rate: 5.31% Broad General Collateral Rate: 5.30% Tri-Party General Collateral Rate: 5.30% Interest on Reserve Balances: 5.40% Discount Window: 5.50% EUR/USD=7.8118 USD/JPY=157.2800 GBP/USD=1.2685 AUD/USD=0.6617 Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. Continue reading Retail foreign exchange dealer news scan: Federal Reserve administered and referenced rates as of 8:00 pm EST.

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Retail foreign exchange trader news scan: Central digital currencies: The Republicans ignore the Constitution with HR 5403…

The value of the U.S. currency needs to be increased so that investment capital comes to the United States, and if invested into productive activity, is placed into the hands of American labor via wages. The GOP failed to take currency valuation into account when its congressional caucus pushed through HR 5403. HR 5403 prohibits … Continue reading Retail foreign exchange trader news scan: Central digital currencies: The Republicans ignore the Constitution with HR 5403…

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Prop Trader News Scan as of 10:05 am EST; Federal Reserve considers banking system “resilient.”

Reference rates per Board of Governors-Federal Reserve System Interest on Reserve Balances: 5.40% Discount Window Rate: 5.50% Effective Federal Funds Rate: 5.33% Foreign Exchange Rates reported by Board of Governors-Federal Reserve System AUD/USD=0.6607 NZD/USD=0.6020 USD/JPY=155.8500 GBP/USD=1.2528 EUR/USD=1.0773 USD/CAD=1.3663 USD/MXN=16.7650 Barr’s testimony before House financial services committee nothing to write home about … In his testimony … Continue reading Prop Trader News Scan as of 10:05 am EST; Federal Reserve considers banking system “resilient.”

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Is it time for the Federal Reserve to raise the federal funds rate?

The world has risk-laden problems to solve. Higher borrowing rates are indicia of higher risks to returns on capital, but the cries for lower rates do not appear to resonate with capital’s search for high returns that compensate for higher risks. If the Federal Reserve System is to meet its statutory dual mandate of stable … Continue reading Is it time for the Federal Reserve to raise the federal funds rate?

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Federal Reserve Board announces it will extend through May 31, 2024, the public comment period for the application by Capital One Financial Corporation to acquire Discover Financial Services

The Federal Reserve Board on Wednesday announced it will extend through May 31, 2024, the public comment period for the application by Capital One Financial Corporation of McLean, Virginia, to acquire Discover Financial Services of Riverwoods, Illinois. The comment period is being extended to provide additional time for interested parties to comment on the proposal. … Continue reading Federal Reserve Board announces it will extend through May 31, 2024, the public comment period for the application by Capital One Financial Corporation to acquire Discover Financial Services

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Foreign exchange rates for the Eastern Caribbean as of 9:10 am AST

Federal Reserve Bank of New York-Central Bank of the U.S. Virgin Islands AUD/USD=0.6423 GBP/USD=1.2397 EUR/USD=1.0655 JPY/USD=0.0065 Eastern Caribbean Central Bank USD/XCD=2.7000 GBP/XCD=3.3679 CAD/XCD=1.9626 EUR/XCD=2.8833 JPY/XCD=0.0175 Central Bank of Barbados USD/BBD=1.9800 GBP/BBD=2.4209 CAD/BBD=1.4417 EUR/BBD=2.0879 Central Bank of Trinidad and Tobago USD/TTD=6.7042 GBP/TTD=8.4069 CAD/TTD=4.9077 EUR/TTD=7.6692 Bank of Guyana USD/GYD=207.98 GBP/GYD=256.02 CAD/GYD=151.41 EUR/GYD=221.04 Sources: Board of Governors-Federal Reserve … Continue reading Foreign exchange rates for the Eastern Caribbean as of 9:10 am AST