Category: currencies

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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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Federal Court Orders California Man and His Company to Pay $9 Million in Restitution and Penalties for Forex Fraud

(Reprint from the Commodity Futures Trading Commission) April 15, 2024 Washington, D.C. — The Commodity Futures Trading Commission today announced the entry of a consent order in the U.S. District Court for the Eastern District of California imposing restitution and a civil monetary penalty against Eshaq M. Nawabi, d/b/a/ Nawabi Enterprise, and Hyperion Consulting Inc. The order requires the defendants to pay … Continue reading Federal Court Orders California Man and His Company to Pay $9 Million in Restitution and Penalties for Forex Fraud

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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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Dollar weakens after Powell’s testimony to Congress. Was it something he said?

Around 6:31 am yesterday, approximately three and one-half hours prior to Federal Reserve Board chairman Jerome Powell’s testimony before the U.S. House Committee on Financial Services, the price of the U.S. dollar in terms of the euro, British pound, Japanese yen, Canadian dollar, and the Eastern Caribbean dollar was as follows: USD/EUR=0.9193 USD/GBP=0.7858 USD/JPY=149.7394 USD/CAD=1.3582 … Continue reading Dollar weakens after Powell’s testimony to Congress. Was it something he said?

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Trump or Biden. Who can best obscure the battle on Mount Olympus?

Last night’s Super Tuesday primary victories for former U.S. president Donald J. Trump and incumbent president Joseph R. Biden were no surprise. So boring were the returns that I was in bed by 8:30 pm. For us mortals, the electorate, the worn-out questions are, “Which of these candidates best represents me?” and “Which of these … Continue reading Trump or Biden. Who can best obscure the battle on Mount Olympus?

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It appears that the foreign exchange and bond markets were ready for the PCE report.

The U.S. Bureau of Economic Analysis gave the Federal Open Market Committee another reason to sing, “Should I Stay or Should I Go?” this morning as the Bureau presented its read on changes in consumer price levels. The Personal Consumption Price Index, the preferred price level barometer of the Federal Reserve System, increased 2.8% between … Continue reading It appears that the foreign exchange and bond markets were ready for the PCE report.

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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.

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A quiet day yesterday in the United States as foreign exchange markets got ready for Asia to open.

10-year bond yield and currency data from Bloomberg paint a quiet day in those markets. The GBP/USD stayed flat between 9:30 am to 4:15 pm with the rate going from 1.2686 to 1.2684. The EUR/USD was flat as well with ever so slight dollar weakening from 1.0847 to 1.0851 this afternoon. The Japanese yen demonstrated … Continue reading A quiet day yesterday in the United States as foreign exchange markets got ready for Asia to open.