Category: foreign exchange

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The Interbank Markets: From Trump effect to the Trump hedge.

Nigeria, naira, foreign exchange. The Central Bank of Nigeria has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange Matching System, mandating a minimum trade value of $100,000. The directive, dated 25 November 2024 and signed by Dr Omolara Duke, CBN’s Director of the Financial Markets Department, is part of efforts … Continue reading The Interbank Markets: From Trump effect to the Trump hedge.

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Interbank and Liquidity News Scan: Kashkari is open to a December rate cut.

Kashkari. Interest rates. Federal Reserve Bank of Minneapolis President Neel Kashkari, typically on the hawkish end of the U.S. central bank’s policy spectrum, said on Monday he is open to cutting interest rates again next month. Reuters. Trump. Tariffs. Markets. The dollar rallied on Tuesday, while European shares fell, after U.S. President-elect Donald Trump pledged tariffs on … Continue reading Interbank and Liquidity News Scan: Kashkari is open to a December rate cut.

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Interbank market and liquidity flow scan: The pound firms up against the dollar.

Media scan British pound. US dollar. Scott Bessent. Sterling was on track to snap a three-day losing streak on Monday, as the dollar’s slide after the selection of fund manager Scott Bessent as U.S. Treasury Secretary lent support to most major currency pairs. Reuters. U.S. dollar. The dollar retreated on Monday after a stellar run … Continue reading Interbank market and liquidity flow scan: The pound firms up against the dollar.

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Interbank and Liquidity News Scan: African leaders still show enthusiasm for China even as financing has decreased.

Media Scan Tether. Cryptocurrency. U.S. President-elect Donald Trump’s pick for Commerce secretary, Howard Lutnick, is in talks to deepen his financial ties with the company operating the world’s largest stablecoin, Tether, by launching a $2 billion project to lend dollars to clients against bitcoin, Bloomberg News reported on Sunday. Reuters. Foreign exchange. Fund inflows. America’s … Continue reading Interbank and Liquidity News Scan: African leaders still show enthusiasm for China even as financing has decreased.

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Is strong dollar policy antithesis of the Trump manufacturing agenda?

Currency analyst and trader Kathy Lien shared this video where she discusses the reasons behind the current climb in dollar strength. She lists five major reasons. First, the US economy is doing well when compared to the Eurozone and Asia. Yields are increasing and attracting more investors. Second, the Trump return to the White House … Continue reading Is strong dollar policy antithesis of the Trump manufacturing agenda?

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Trump forgets that as head of state, he is responsible for expanding it.

In this video, some rich bros from the All-In Podcast are waxing philosophical about the likely positive impact a Trump presidency will have on markets including the equity and crypto markets. There is the usual narrative about how a lighter touch, deregulatory scheme will create growth in the markets as well as in economic output. … Continue reading Trump forgets that as head of state, he is responsible for expanding it.

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Today should mark America’s march toward a winning currency policy.

Around 2:00 am this morning, it was projected that Donald J. Trump had secured enough potential Electoral College votes to be America’s 47th head of state. The official certification as president-elect will not occur until the middle of next month in the Electoral College with certification by the President of the Senate of the Electoral … Continue reading Today should mark America’s march toward a winning currency policy.

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Political risks create either shorting opportunities or existential threats …

Four types of political risks arguably move interest rates. First, the perception of fiscal responsibility. If bond holders perceive an increased risk in the government defaulting on bond payments, or not collecting enough in taxes, bond holders will want a higher interest rate before lending the government more money. Second, the economic stances of a … Continue reading Political risks create either shorting opportunities or existential threats …

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Good day, Australia and Japan. The American currency continues to strengthen …

It’s around 11:26 in the morning in Tokyo. Good morning. I am wishing Sydney an early good afternoon. It’s about 1:26 pm on your side of the world. Other than the Dallas Cowboys getting spanked by the San Francisco 49ers, there is nothing major to report. Wait a minute. There is an election to choose … Continue reading Good day, Australia and Japan. The American currency continues to strengthen …