Category: central banks

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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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Retail foreign exchange trader news scan as of 1:30pm AST, Vice-chair Jefferson’s speech focuses on housing policy.

United States. Federal Reserve System. The dollar. Covered interest rate parity. Swaps. Christopher J Waller. ” … there has, for some time, been commentary predicting that the dollar is destined for demise—potentially an imminent demise. Such predictions have not materialized. However, the role of the United States in the world economy is changing, and finance … Continue reading Retail foreign exchange trader news scan as of 1:30pm AST, Vice-chair Jefferson’s speech focuses on housing policy.

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Retail foreign exchange trader news scan: Iranian president is missing …

Iran. Ebrahim Raisi. “Rescue teams are trying to locate Iranian President Ebrahim Raisi after his helicopter was forced into an emergency landing on his way back from a visit to the country’s northwest.” — Bloomberg. Nigeria. Central Bank of Nigeria. naira. “Central bank intervention this week failed to stop slide in Nigeria’s naira to a … Continue reading Retail foreign exchange trader news scan: Iranian president is missing …

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Retail foreign exchange trader news scan as of 12:19 am AST. Emerging country central banks boost foreign exchange reserves.

Yen. Depreciation. Profit erosion. “A majority of Japanese companies considers the yen’s recent weakness as a negative factor for their businesses, according to a recent survey. About 64% of firms surveyed said the recent depreciation of the yen has eroded their profits …” — Bloomberg. Bank of Japan. Yen. Bonds. “The Bank of Japan left … Continue reading Retail foreign exchange trader news scan as of 12:19 am AST. Emerging country central banks boost foreign exchange reserves.

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Retail foreign exchange trader news scan as of 9:35 am AST; 4-week moving average ticks up by 2,500

Federal Reserve reference rates Interest on reserve balances: 5.40% Discount window: 5.50% Effective federal funds rate: 5.33% Source: Board of Governors-Federal Reserve System Foreign exchange rates AUD/USD=0.6676 NZD/USD=0.6110 USD/JPY=154.6672 GBP/USD=1.2674 EUR/USD=1.0873 USD/CAD=1.3631 USD/MXN=16.7314 Source: x-rates.com, as of 7:21 am EST Federal Reserve Bank of Minneapolis. Neel Kashkari. Inflation. While at the Williston Basin Petroleum Conference, … Continue reading Retail foreign exchange trader news scan as of 9:35 am AST; 4-week moving average ticks up by 2,500

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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.”