Category: banks

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Foreign exchange rates: Eastern Caribbean as of 11:14 am AST

Board of Governors-Federal Reserve System AUD/USD=0.6478 GBP/USD=1.2457 EUR/USD=1.0647 JPY/USD=0.0065 Eastern Caribbean Central Bank USD/XCD=2.7000 GBP/XCD=3.3679 CAD/XCD=1.9626 EUR/USD=2.8833 JPY/USD=0.0065 Central Bank of Barbados USD/BBD=1.9800 GBP/BBD=2.4368 CAD/BBD=1.4332 EUR/BBD=2.0855 Central Bank of Trinidad and Tobago USD/TTD=6.7260 GBP/TTD=8.3868 CAD/TTD=4.8987 EUR/TTD=7.1288 Bank of Guyana USD/GYD=207.98 CAD/GYD=151.18 GBP/GYD=258.81 EUR/GYD=221.52 Sources: Board of Governors-Federal Reserve System, Eastern Caribbean Central Bank, Central Bank … Continue reading Foreign exchange rates: Eastern Caribbean as of 11:14 am AST

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Foreign exchange rates, Eastern Caribbean and United States. 1:23 am AST

Federal Reserve System-United States Virgin Islands AUD/USD=0.6478 GBP/USD=1.2457 EUR/USD=1.0647 JPY/USD=0.0065 Eastern Caribbean Central Bank USD/XCD=2.7000 GBP/XCD=3.3679 CAD/XCD=1.9626 EUR/XCD=2.8833 Central Bank of Barbados USD/BBD=1.9800 GBP/BBD=2.4410 CAD/BBD=1.4342 EUR/BBD=2.0910 Central Bank of Trinidad and Tobago USD/TTD=6.2042 CAD/TTD=5.7145 GBP/TTD=8.2640 EUR/TTD=2.3943 Bank of Guyana USD/GYD=207.98 CAD/GYD=151.1 GBP/GYD=258.81 EUR/GYD=221.64 Sources: Board of Governors-Federal Reserve System, Eastern Caribbean Central Bank, Central Bank … Continue reading Foreign exchange rates, Eastern Caribbean and United States. 1:23 am AST

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Foreign exchange rates. Eastern Caribbean and Federal Reserve as 8:03 am AST

Federal Reserve AUD/USD 0.6478 GBP/USD 1.2457 EUR/USD 1.0647 USD/JPY 153.1200 Eastern Caribbean Central Bank USD/XCD 2.7000 AUD/XCD 1.7345 GBP/XCD 3.3670 JPY/XCD 0.0175 EUR/XCD 2.8728 CAD/XCD 1.9553 Central Bank of Barbados USD/BBD 1.9800 GBP/USD 2.4372 CAD/BBD 1.4289 EUR/BBD 2.0821 Sources: Eastern Caribbean Central Bank, Central Bank of Barbados, Board of Governors-Federal Reserve System. Continue reading Foreign exchange rates. Eastern Caribbean and Federal Reserve as 8:03 am AST

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The Fed narrative and depositors. Is there a conflict?

A high school classmate shared with me her concern about looking for higher yielding accounts. Baby boomers closing in on retirement are either trying to accumulate more cash via compounding interest while saving more of our incomes and sticking those savings into accounts. Meanwhile the media is guiding our eyeballs and eardrums to the messaging … Continue reading The Fed narrative and depositors. Is there a conflict?

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If the Fed wants to protect its political independence, it should petition to amend the Federal Reserve Act.

We are moving deeper into the silly season. If there are still any primaries going on, Super Tuesday just about sucked what little oxygen there was out of the room. That President Joe Biden and former president Donald Trump would end up being the presumptive nominees for their parties was, based on the polling, expected. … Continue reading If the Fed wants to protect its political independence, it should petition to amend the Federal Reserve Act.

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Fed Day: The Community Reinvestment Act misses growth creation in low-income communities.

I live in the 30310-zip code made up primarily of Atlanta’s West End neighborhood. There is a population of approximately 26,062 people with a median income of $24,604. 79.9% of the residents classify themselves as African American or black, while 12.4% of residents classify themselves as white or Caucasian. The unemployment rate hovers around 4.6%. … Continue reading Fed Day: The Community Reinvestment Act misses growth creation in low-income communities.

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So much for a rate cut as CPI increases 3.2% year over year. Dollar apparently strengthens …

Hopes for a rate cut any time soon appear dashed as the Consumer Price Index increased 0.4% in February and 3.2% over the last 12 months. The dollar apparently strengthened on the news. Here are the new rates, as of 8:30 am today that facing the Atlanta international community. USD/JPY=147.7863 EUR/USD=1.0917 USD/MXN=16.8123 USD/INR=82.7776 Source: x-rates.com … Continue reading So much for a rate cut as CPI increases 3.2% year over year. Dollar apparently strengthens …

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Again, foreign exchange and bond yields looked flat today and I wonder if the US really wants lower rates.

The pound-dollar and euro-dollar were flat today, 27 February 2024, with the dollar yen making the biggest move between 9:14 am and 4:15 pm. According to data I obtained from Bloomberg, the GBP/USD increased three pips, from 1.2682 to 1.2685. The EUR/USD decreased four pips, from 1.0848 to 1.0844. The USD/JPY increased 1600 pips moving … Continue reading Again, foreign exchange and bond yields looked flat today and I wonder if the US really wants lower rates.