On Thursday, the ECB (European Central Bank) framed plans to publish a pile-up of data on individual banks.

This ranges from measures of their leverage to a standard level of non-performing loans. Also, the central bank stated that it will give lenders two weeks of time to come up with some definite plans to deal with capital losses.

The ECB is evaluating the asset valuation of the euro zone's 128 lenders. They are also evaluating their capability to deal with future emergency. Before ECB takes on bank supervision on November 4; the results will be published in the 2nd half of October.

The chairman of the ECB's supervisory board, Daniele Nouy stated "The ECB has been very transparent in engaging with banks and aims to provide as many details as possible to markets and other participants on progress in the comprehensive assessment and what the end of the process will look like".

The ECB will also create broad disclosures regarding banks' portfolios. The portfolios consist of complete details of the areas where regulators made big adjustments to banks' asset valuations.

Against yen, the euro lurched at 5 month lows. It even held a 2 year trench on sterling which gives some comfort to the ECB. The euro bought 137.50 yen, having hit a low at 137.37 and against sterling, it fell 78.88 pence.
Current circumstances are fast raising the risks that the ECB will have to come up with some more unconventional measures.

After the Bank of Canada became neutral on the next move for interest rates, the dollar did not perform well. It eased to C$1.0738 from a 3 week high of C$1.0795. With this consequence, the Australian dollar bounced back to $0.9357. The kiwis in New Zealand traded at $0.8692, not too far from a $0.8690.