Caribbean foreign exchange rates as of 8:59 AM EST.
USD/XCD=2.70 USD/BBD=1.98 USD/TTD=6.75 USD/JMD=155.20 USD/BSD=1.00 Continue reading Caribbean foreign exchange rates as of 8:59 AM EST.
Cancelled — June 24 Commission Open Meeting
June 22, 2024 Washington, D.C. — The Commodity Futures Trading Commission Open Meeting scheduled for Monday, June 24, 2024, has been cancelled. The matters under consideration have been completed through the Commission’s seriatim process. Source: Commodity Futures Trading Commission Continue reading Cancelled — June 24 Commission Open Meeting
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
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.
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.
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.
The constitution of the United States is made up of three asset classes….
The Constitution of the United States of America. The title is incomplete. The full title should be the Constitution of the State Powers of the United States of America and the Application of these Powers on the People of the United States. Continue reading The constitution of the United States is made up of three asset classes….
Trade is an inappropriate word…
Trade is an inappropriate word. As I shared in an earlier post, we are exchanging things that we own, but making bets on value that we can claim sometime in the future. We trade our expectations on growth. Continue reading Trade is an inappropriate word…
Retail foreign exchange trader news scan: Central digital currencies: The Republicans ignore the Constitution with HR 5403…
The value of the U.S. currency needs to be increased so that investment capital comes to the United States, and if invested into productive activity, is placed into the hands of American labor via wages. The GOP failed to take currency valuation into account when its congressional caucus pushed through HR 5403. HR 5403 prohibits … Continue reading Retail foreign exchange trader news scan: Central digital currencies: The Republicans ignore the Constitution with HR 5403…
Lawyers Write the Bets. Bankers Sell the Bets. 