US holiday today thinning out the expiries for the upcoming US session EUR/USD – 1.0950 697m euro EUR/GBP – 0.8300 454m euro ForexLive
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FX option expiries for Friday February 14 at the 10am NY cut
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ECB provides further flexibility to banks on coronavirus
Fresh headlines The European Central Bank will give further flexibility in the prudential treatment of loans back by public support. This is an accounting rule change that will give banks more flexibility so they don't have to liquidate safe assets that a trading at dislocated levels.
Fed expands money market facility to municipal debt
Fed will backstop municipal debt The Fed's goal is not to let any kind of Lehman moment take place. They're taking on everything. At some point we might start to worry that the Fed will take losses on these things. That would violate their charter but right now leadership at the Fed has decided it […]
Fed adds further swap line operations with 4 other central banks
Fed starts daily operations The Fed says starting Monday it will now hold daily swap line operations with four other central banks: On Monday they announced weekly programs and an 84-day program. Now they're going to do daily operations and that will continue at least through April. The 84-day programs will also be done weekly […]
ECB's de Cos: Coronavirus pandemic is a transitory episode
Further comments by de Cos – There is still no clear data to precisely assess the intensity of the virus impact ForexLive It will be a transitory one if central banks and governments can minimise the damage and disruption, so as to not let it cause permanent economic risks.
ECB's de Cos: Asset purchase program to be completely flexible
Comments by ECB governing council member, Pablo Hernandez de Cos – ECB to do 'whatever it takes' to respond to virus impact – Calls for enhanced cooperation at the European level to mitigate virus impact ForexLive
ECB's Villeroy: Determination of ECB to act was unanimous
Villeroy says that the new package will be effective – There will be no liquidity problems – Fall in long-term rates will help governments fighting the virus ForexLive
BOE suspends 2020 annual bank stress tests
BOE announces some supervisory and prudential measures to address the challenges posed by the coronavirus outbreak – Pausing stress test exploratory scenarios on liquidity, climate risk ForexLive
PBOC adviser says that there is scope for more RRR cuts in China
Chinese state media reports The latest set of RRR cuts took place last week . here ForexLive