The Euro rallies after major central banks agree to provide dollar liquidity in a coordinated act, with David Gilmore, Foreign Exchange Analytics partner. more...

Europe does not lack liquidity, just political direction, Marco Bardelli, managing director of BDG Singapore, told CNBC. more...

The European Central Bank kept interest rates at 1.5 percent as expected on Thursday and its president Jean-Claude Trichet announced a six-month operation to inject liquidity in the markets. more...

US money market funds are stockpiling cash in case Congress fails to raise the debt ceiling, distorting the short-term market for US government debt and raising borrowing costs for banks and other financial institutions, reported the FT. more...

More Greek drama: rapid price changes in a corner of the currency markets suggest banks are worried about an interbank lending freeze, absent a rescue plan for Greece. more...