ECB gets lending hand by FED - FX swaps hit $500 million

Friday, 26/08/2011 | 10:46 GMT by Adil Siddiqui
  • European banking crisis is still an issue ECB policy makers need to address, yesterday the Federal Reserve said that it provided $500 million of liquidity to the European Central Bank in the latest week via its swap lines for foreign central banks.
ECB gets lending hand by FED - FX swaps hit $500 million

European banking crisis is still an issue ECB policy makers need to address, yesterday the Federal Reserve said that it provided $500 million of Liquidity to the European Central Bank in the latest week via its swap lines for foreign central banks.

It was the first time the ECB had tapped the swap lines since the week ended March 2 when it swapped $70 million.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

European banking crisis is still an issue ECB policy makers need to address, yesterday the Federal Reserve said that it provided $500 million of Liquidity to the European Central Bank in the latest week via its swap lines for foreign central banks.

It was the first time the ECB had tapped the swap lines since the week ended March 2 when it swapped $70 million.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

Topics
ecb
About the Author: Adil Siddiqui
Adil Siddiqui
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