Reuters reports, citing sources familiar with the matter ForexLive According to the sources cited in the report, the argument made is that the OMT was designed to help individual countries, and not for the whole bloc.
Blogs
Fed chair Powell: Only limit for the Fed is the amount of backstop it gets from the Treasury
Fed chair, Jerome Powell, speaks on NBC Today – Effectively, every $1 of Treasury backstop can support $10 worth in Fed loans – Fed ready to step in whenever credit is not flowing ForexLive
ECB says that it has started bond purchases under new program today
The ECB has started bond purchases under its €750 billion pandemic emergency purchase program (PEPP) – Greek debt eligible for PEPP but there is no 'catch-up' buying ForexLive
ECB's Vasiliauskas: OMT is part of the arsenal and could be used
Comments by ECB governing council member, Vitas Vasilauskas ForexLive
BOJ's Adachi: No need for additional easing for now
Comments by new BOJ board member, Seiji Adachi – Hard to say when virus impact will hit a bottom – Virus outbreak has dealt severe blow to Japan, global economies ForexLive
The ECB is pushing the boundaries with its new QE program to battle the virus fallout
The ECB is bending the rules as it goes all out to deal with the economic fallout from the virus outbreak pandemic emergency purchase program ForexLive Essentially, what the Eurozone debt crisis failed to bring out in the ECB, the economic fallout from the coronavirus outbreak just did.
MAS to provide up to $60 billion of funding to banks through new US dollar facility
The Singapore central bank will be holding auctions tomorrow and on Monday ForexLive
PBOC sets USD/ CNY reference rate for today at 7.0692 (vs. yesterday at 7.0742)
People's Bank of China ForexLive
RBA QE operation, offer to purchase AUD3bn in Australian government bonds
Reserve Bank of Australia quantitative easing purchase operation – 3bn AUD – Australian government bonds – maturities May 2021 to April 2024 ForexLive
US initial jobless claims surged to record 3283k
<p>US initial jobless claims surged to 3283k in the week ending March 21, up from prior wee’s 282k. That’s the highest level on record. Four-week moving average of initial claims jumped 766k to 998k. Continuing claims rose 101k to 1.803m in the week ending March 14. Four week moving average of continuing claims rose 27.5k [&hellip