Category: currencies

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I don’t expect the EUR/USD to exceed 1.1168 by weekend. That could change, of course.

I don’t expect the EUR/USD to exceed 1.1168 by 3:00 pm Friday, 4 October 2024. My initial assessment is based on the German bund 10-year yield of 2.135% and a U.S. 10-year bond yield of 3.756%, per MarketWatch. Per X-rates.com, the current EUR/USD is 1.1166 as of 9:59 pm EST. (Interested in proprietary trading? Determine … Continue reading I don’t expect the EUR/USD to exceed 1.1168 by weekend. That could change, of course.

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What was missing from last night’s debate? An idea as to who will lead a Trump or Harris economy.

What I did not hear last night: who will be your pick for chairman of the Council of Economic Advisors? Who will be the director of the National Economic Council? Who would you select as chairman of the Board of Governors-Federal Reserve System? Who will you choose as Treasury secretary? (People are looking for ways … Continue reading What was missing from last night’s debate? An idea as to who will lead a Trump or Harris economy.

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In the immediate term, the next president will have to think about who the next Fed chair will be.

It is tough to nail down Ms. Harris’ view on the currency and interest rates since Mr. Biden’s announcement three days ago that he was discontinuing his campaign for a second term. So far, her outreach efforts have included a couple speeches to black sororities, a meet and greet with her campaign staff in Wilmington, … Continue reading In the immediate term, the next president will have to think about who the next Fed chair will be.

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Caribbean foreign exchange rates as of 8:54 am AST.

The Jamaican dollar strengthened against the U.S. dollar falling to USD/JMD =155.2098 from USD/JMD=155.6799 reported on 24 June 2024. The Trinidad dollar showed some weakening climbing from USD/TTD=6.7371 to USD/TTD=6.7558. USD/XCD=2.7000 USD/BBD=1.9800 USD/TTD=6.7558 USD/JMD=155.2098 USD/BSD=1.0000 USD/GYD=207.9800 Alton Drew 26 June 2024 Disclaimer: The data and output from this blog post does not constitute investment or legal … Continue reading Caribbean foreign exchange rates as of 8:54 am AST.

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Caribbean foreign exchange rates as of 5:50 pm AST.

USD/XCD=2.7000 USD/BBD=1.9800 USD/TTD=6.7371 USD/JMD=155.6799 USD/BSD=1.0000 USD/GYD=207.9800 No change reported in price of the dollar in terms of select Caribbean currency since this morning. Alton Drew 25 June 2024 Ready for your next trader challenge? Visit https://traderswithedge.com/?r=348. Disclaimer: The data and output from this blogpost does not constitute investment or legal advice and is not a personalrecommendation … Continue reading Caribbean foreign exchange rates as of 5:50 pm AST.

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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.