Turmoil, Curriencies, & Banks

The Financial Times  reports on currency movements and the effects on banks in these two videos:

Currency traders flex their muscles

According to the FT, " [a]s the world's reserve currency spreads its wings, many emerging markets and commodity currencies are getting caught in the downdraft of the risk-off trade in favour of the US dollar as a safe haven." (2m 10sec)

Dollar deluge shores up banks

In this second video, the Ft makes a crucial distinction, to wit: "The promise of unlimited dollars from central banks has buoyed shares in Europe's banks. However, as James Mackintosh, investment editor, warns, the liquidity worry may offer relief but the underlying solvency threat of sovereign default remains." (3m 43sec)