Comment on NY Fed-FX swaps with foreign cenbanks $1.426 bln in week

NY Fed-FX swaps with foreign cenbanks $1.426 bln in week

The Federal Reserve provided $1.426 billion of liquidity to foreign central banks in the latest week via its swap line facility, the New York Fed said on Thursday... 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...

 

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