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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 and liquidity news scan: Will we see an increase in the use of digitized assets as collateral? And, good-bye, Gary Gensler.

Board of Governors. Dual Mandate. The Federal Reserve on Friday announced additional information about the periodic review of its monetary policy strategy, tools, and communications—the framework it uses to pursue its congressionally-assigned goals of maximum employment and price stability. Federal Reserve System. Commodity Futures Trading Commission. Digitized tokens. The Commodity Futures Trading Commission’s Global Markets … Continue reading Interbank and liquidity news scan: Will we see an increase in the use of digitized assets as collateral? And, good-bye, Gary Gensler.

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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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The Federal Reserve and the U.S. Treasury decided to not intervene today in the foreign exchange markets.

November 14, 2024NEW YORK—The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the July – September 2024 quarter, the Federal Reserve Bank of New York said today in its quarterly report to the U.S. Congress. The U.S. dollar, as measured by the Federal Reserve Board’s broad trade-weighted dollar index, depreciated … Continue reading The Federal Reserve and the U.S. Treasury decided to not intervene today in the foreign exchange markets.

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Growth in money supply is relatively flat, but is money more expensive?

Between September 2023 and September 2024, M2 money supply went from approximately $18,110.3 billion to $18,151.4 billion, according to data from the Board of Governors of the Federal Reserve System. This amounted to a decrease in money supply of 2.17%. During that period, the money supply dipped as low as $17,923.3 billion in February 2024. … Continue reading Growth in money supply is relatively flat, but is money more expensive?