‘Risk’ FX is trading higher on the chatter of a bailout &/or sale of distressed bank SVB | Forexlive

I posted earlier on the early forex rates, all indicating higher against the US dollar on the back of some sort of rescue for depositors at troubled bank SVB:

A buyer looks imminent:

and, easier fund access to funds to diminish the contagion risk:

Contagion seems unlikely. Due to the Fed’s efforts during the 2008 financial crisis, the majority of banks have enough capital to withstand losses. Generally, the banking system is stable, and there is a low, but non-neglibile, risk that a systemic problem will arise.

Adam and Justin had eyes on developments all weekend (read from the bottom up for the chronology:

I tidied up the other news over the weekend and will have more to come: