forex cross rate

Fed Governor Bowman delivered a speech on "Modernization and Reform of Financial Supervision." In her speech, she mentioned that the Financial Stability Board (FSB) has conducted a comprehensive assessment of the modernization reforms carried out by its member agencies and various standard-setting agencies. These modernization reform initiatives have been widely promoted across members and focus on a number of common goals, including: ensuring that the regulatory framework remains forward-looking and adaptable to current and emerging important risks; enhancing the pertinence and proportionality of supervision; reducing unnecessary compliance burdens; promoting responsible innovation; and using data and technology to empower supervision; and supporting economic growth. The next phase of the work will result in a report for public comment, scheduled to be released this fall. The report will then be submitted to the Group of Twenty (G20) as an important phased outcome of the commitment of all parties to jointly promote modernization reforms.

According to Iran's Mahr News Agency, explosions were heard around Bandar Abbas Port and Qeshm Island in Iran. The explosion was reported far away from the city and seemed to be related to the west coast of Bandar Abbas. The possibility of exchange of fire in the waters of the Persian Gulf and Strait of Hormuz cannot be ruled out. In response to these explosions, the Hormozgan provincial government stated that there were no reports of civilian casualties or damage to residential and commercial infrastructure in the new round of US attacks on the city of Bandar Abbas and Qeshm Island. In the past few nights, the United States has launched attacks on the southern coast, resulting in the martyrdom of some fishermen and patriots. And caused extensive damage to fishermen in Bandar Abbas Port and Sirik.

Indian Trade Secretary: India and the United States remain committed to reaching a trade agreement that is balanced, commercially meaningful, and brings tangible benefits to both parties.

Fed Governor Bowman: We must formulate corresponding regulatory measures based on the risk profile of each institution. Banks vary greatly in size, systemic impact, complexity and risk profile.

Federal Reserve Board Governor Bowman: Calls on global financial regulators to respond flexibly.

Indian Trade Secretary: The bilateral trade agreement with the United States is progressing smoothly and no challenges have been seen.