Category: interbank market

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Foreign exchange rates for the Eastern Caribbean as of 9:10 am AST

Federal Reserve Bank of New York-Central Bank of the U.S. Virgin Islands AUD/USD=0.6423 GBP/USD=1.2397 EUR/USD=1.0655 JPY/USD=0.0065 Eastern Caribbean Central Bank USD/XCD=2.7000 GBP/XCD=3.3679 CAD/XCD=1.9626 EUR/XCD=2.8833 JPY/XCD=0.0175 Central Bank of Barbados USD/BBD=1.9800 GBP/BBD=2.4209 CAD/BBD=1.4417 EUR/BBD=2.0879 Central Bank of Trinidad and Tobago USD/TTD=6.7042 GBP/TTD=8.4069 CAD/TTD=4.9077 EUR/TTD=7.6692 Bank of Guyana USD/GYD=207.98 GBP/GYD=256.02 CAD/GYD=151.41 EUR/GYD=221.04 Sources: Board of Governors-Federal Reserve … Continue reading Foreign exchange rates for the Eastern Caribbean as of 9:10 am AST

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Foreign exchange rates for the Eastern Caribbean as of 9:05 am AST

Federal Reserve Bank of New York-Central Bank of the USVI 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 JPY/XCD=0.0175 Central Bank of Barbados USD/BBD=1.9800 GBP/BBD=2.4230 CAD/BBD=1.4348 EUR/BBD=2.0856 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 … Continue reading Foreign exchange rates for the Eastern Caribbean as of 9:05 am AST

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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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Does the media focus too much on the Federal Reserve?

I swear sometimes that Bloomberg, Reuters, and Yahoo! Finance are nothing but mouthpieces for the Federal Reserve System. During my brief stint as an analyst/editor with Telecommunications Reports, a standard mode for gathering intel on regulatory agencies was to sit next to the fax machine waiting for a press release. We would then confirm the … Continue reading Does the media focus too much on the Federal Reserve?

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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?