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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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Mr. Biden should promise no further use of Executive power …

Atlanta will be a hot mess on Thursday as President Joe Biden and former president Donald Trump roll into Atlanta to debate. CNN veterans Jake Tapper and Dana Bash are reportedly moderating the debate. I have little faith that journalists with seven figure compensation packages who likely have never set foot in Atlanta’s poorest neighborhoods … Continue reading Mr. Biden should promise no further use of Executive power …

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Interbank market news scan: Reference, foreign exchange, and administrative rates as of 9pm EST

Effective Federal Funds Rate: 5.33% Overnight Bank Funding Rate: 5.32% Secured Overnight Financing Rate: 5.33% Broad General Collateral Rate: 5.32% Tri-Party General Collateral Rate: 5.32% Interest on Reserve Balances: 5.40% Discount Window: 5.50% EUR/USD=1.0699 GBP/USD=1.2685 AUD/USD=0.6617 USD/JPY=157.2800 Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. (What to step up your trading … Continue reading Interbank market news scan: Reference, foreign exchange, and administrative rates as of 9pm EST

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Interbank market news scan: Kugler continues the Fed Speak on inflation.

Today, Federal Reserve System governor Adriana D. Kugler reiterated in remarks what we have been hearing from other Federal Reserve Board members: that inflation is still too high, even given the progress on lowering it. Governor Kugler pointed out that inflation is moving down slowly and that easing rates is possible later this year. Like … Continue reading Interbank market news scan: Kugler continues the Fed Speak on inflation.

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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.

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Should the executive power be applied to help out the Fearless Fund? No.

Strategically, it makes sense that Fearless Fund would seek to apply one prong of the State’s power, the Executive, to help settle whether a mechanism that creates, extracts, and distributes capital is being fairly deployed. Alliance was the first to pull the State power trigger when it filed its suit last year. The issue here is should Mr. Biden issue an executive order? My answer is no. Continue reading Should the executive power be applied to help out the Fearless Fund? No.