US dollar is falling for the third day in a row after the coordinated action from the Fed and other central banks around the world to provide USD liquidity took effect. Major central banks around the world agreed to increase the frequency of 7-day maturity operations from weekly to daily and will continue to do so at least through the end of April. The swap lines among these central banks are available standing facilities and serve as an important liquidity backstop to ease strains in global funding markets, thereby helping to mitigate the effects of such strains on the supply of credit to households and businesses, both domestically and abroad. The American currency is depreciating strongly against emerging market currencies, especially against the Mexican Peso.
USDMXN is weakening against the Peso due to recent central bank operations aimed at restoring liquidity in the markets. Source:xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
