Tag: debt ceiling

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Interbank Market News Scan: Between debt ceiling banter and the unemployment rate, where will the EUR/USD land tomorrow?

If there is an increase in average wages accompanied by a year-over-year inflation rate of 4.4%, as reported by the U.S. Bureau of Economic Analysis’ personal consumption expenditure index, I don’t see why the markets would expect a pause by the Board of Governors in raising the discount window and interest on reserve balances rates and changing its federal funds overnight target range. Continue reading Interbank Market News Scan: Between debt ceiling banter and the unemployment rate, where will the EUR/USD land tomorrow?

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Consigliere: I am already seeing the impact of the debt ceiling deal…

The Speaker of the U.S. House, Kevin McCarthy, and the President of the United States, Joseph R. Biden, came to a tentative deal yesterday (Saturday, 27 May 2023) on the debt ceiling for the United States government. While a bill is still to be hammered out, MSN and Reuters report that the deal would put … Continue reading Consigliere: I am already seeing the impact of the debt ceiling deal…

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Interbank Market News Scan: Yen value against the dollar decreased while spreads tightened…

The Stats … Currency pair 22 May 2023 23 May 2023 24 May 2023 25 May 2023 26 May 2023 BTC/USD 26820.8 26795.9 27217.6 27201.2 26276.4 EUR/USD 1.08061 1.08146 1.07862 1.07675 1.07283 GBP/USD 1.24444 1.2442 1.24145 1.23948 1.23407 USD/JPY 137.195 138.16 138.549 138.802 139.699 Source: OANDA Analysis by FXStreet notes a number of factors that … Continue reading Interbank Market News Scan: Yen value against the dollar decreased while spreads tightened…