"It is one of those strange moves becausewe can't attribute it to a payrolls report or Japanese economic news, " said Sean Callow, senior currency strategist at Westpac in Sydney.
The oddity is that most banks already hold considerably more than the new minimum requirement - but the reason they already pass this threshold is becausewe continue to live in strange and perilous times, with many Western economies parlously weak and the financial system still stressed.