The Fed and the ECB transacted the first in this new go around of FOREX swaps today. The results are here.
Observation: The Eurosystem lasted about 90 days without the benefit of this UNLIMITED access to collateralised US dollar funding at 1%. The previous program (supposedly) ended on February 1, 2010.
2 comments:
Also he previous program was active throughout most of 2009, a period in which the Euro rallied.
Good research, Matt!
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