Announcements
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. To improve the swap lines effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of 7day maturity operations from weekly to daily. Source httpswww.federalreserve.gov
UBS takeover of Credit Suisse, the sale of signature bank assets, and the daily dollar swaps could have helped stabilize the budding banking crisis. However, the terms of UBS Acquisition Wipes out Additional Tier 1 Capital and gives rise to concerns. Source httpswww.investing.com
PreTrial Chamber II of the International Criminal Court ICC or the Court issued warrants of arrest for two individuals in the context of the situation in Ukraine Mr Vladimir Vladimirovich Putin and Ms Maria Alekseyevna LvovaBelova. Source httpswww.icccpi.int
Summary Daily Moves Winners vs Losers
The below figures show that since Friday US dollar major pairs with USD as quote currency are gaining ground with the highest so far being 23. The dollar is losing value, thus the moves. Confirmed also by the DXY Index.
Silver is losing value while monthly the metals in general have been moving positively on a high level.
All JPY Pairs with quote currency being…