NY Fed-FX swaps with foreign central banks total $1.34 billion in latest week: RTRS

December 1, 2016 5:56 PM EST

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

NEW YORK (Reuters) - The Federal Reserve provided $1.34 billion of liquidity to foreign central banks in the latest week via its swap lines for foreign central banks, the New York Fed said on Thursday.

The European Central Bank swapped $1.34 billion with a term of 6 days and a rate of 0.89 percent.

The Federal Reserve has established swap arrangements with the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank, and the Bank of Japan in an effort to respond to the reemergence of strains in short-term funding markets in Europe.

(The full Fed report can be found at: https://apps.newyorkfed.org/markets/autorates/fxswap )

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories


Related Entities

European Central Bank

Add Your Comment