FOREX TradingCharts.com

Financial News: Fed To Establish Temporary Dollar Liquidity Arrangements W

Fed To Establish Temporary Dollar Liquidity Arrangements With Other CBs

03/20/2020 - 00:38:00 (RTTNews)

(RTTNews) - The Federal Reserve will establish a temporary swap lines with other nine central banks as part of coordinated action to improve liquidity in the financial markets.

In a joint statement, the Fed said it will extend U.S. dollar liquidity arrangements with the Reserve Bank of Australia, the Banco Central do Brasil, the Danmarks Nationalbank, the Bank of Korea, the Banco de Mexico, the Norges Bank, the Reserve Bank of New Zealand, the Monetary Authority of Singapore, and the Sveriges Riksbank. The Fed has standing US dollar swap lines with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank.

The swap facility will be in place for at least six months. The swap lines will help to ensure stable liquidity conditions in the USD funding markets.

These new facilities will support the provision of U.S. dollar liquidity in amounts up to $60 billion each for the Reserve Bank of Australia, the Banco Central do Brasil, the Bank of Korea, the Banco de Mexico, the Monetary Authority of Singapore, and the Sveriges Riksbank.

The swap lines with the Danmarks Nationalbank, the Norges Bank, and the Reserve Bank of New Zealand will amount up to $30 billion.

The Fed said these facilities are designed to help lessen strains in global U.S. dollar funding markets, thereby mitigating the effects of these strains on the supply of credit to households and businesses, both domestically and abroad.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Construction Spending Unexpectedly Slumps 1.3% In February (33 min(s), 28 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Wednesday showed an unexpected decreas ...Full Story»

U.S. Manufacturing Activity Shows Modest Contraction In March (44 min(s), 28 sec(s) ago)
(RTTNews) - With the coronavirus outbreak weighing on demand, the Institute for Supply Management ...Full Story»

U.S. Private Sector Employment Edges Lower Ahead Of Full Impact Of Coronavirus (01 hr(s), 39 min(s), 28 sec(s) ago)
(RTTNews) - Reflecting a significant loss of jobs at small businesses, payroll processor ADP relea ...Full Story»

U.S. Private Sector Employment Dips Much Less Than Expected In March (02 hr(s), 40 min(s), 28 sec(s) ago)
(RTTNews) - Reflecting a significant loss of jobs at small businesses, payroll processor ADP relea ...Full Story»

UK Manufacturing Contracts On Covid-19 Disruption (02 hr(s), 41 min(s), 28 sec(s) ago)
(RTTNews) - UK manufacturing activity contracted in March due to the outbreak of the coronavirus, ...Full Story»

Eurozone Unemployment Rate Lowest Since March 2008 (02 hr(s), 49 min(s), 28 sec(s) ago)
(RTTNews) - Euro area jobless rate unexpectedly eased to its lowest level since in over a decade i ...Full Story»

Greece Manufacturing Activity Plummets To Near 5-year Low (02 hr(s), 53 min(s), 28 sec(s) ago)
(RTTNews) - Greece's manufacturing sector deteriorated sharply at the fastest pace in five yea ...Full Story»

Czech Manufacturing Sector Deterioration Sharply (02 hr(s), 57 min(s), 28 sec(s) ago)
(RTTNews) - The Czech Republic's manufacturing sector contracted sharply in March, amid a decl ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Construction Spending Unexpectedly Slumps 1.3% In February

04/01/2020 - 10:34 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Wednesday showed an unexpected decreas ...Full Story>>

U.S. Manufacturing Activity Shows Modest Contraction In March

04/01/2020 - 10:23 AM (RTTNews)
(RTTNews) - With the coronavirus outbreak weighing on demand, the Institute for Supply Management ...Full Story>>

U.S. Private Sector Employment Edges Lower Ahead Of Full Impact Of Coronavirus

04/01/2020 - 09:28 AM (RTTNews)
(RTTNews) - Reflecting a significant loss of jobs at small businesses, payroll processor ADP relea ...Full Story>>

U.S. Private Sector Employment Dips Much Less Than Expected In March

04/01/2020 - 08:27 AM (RTTNews)
(RTTNews) - Reflecting a significant loss of jobs at small businesses, payroll processor ADP relea ...Full Story>>

UK Manufacturing Contracts On Covid-19 Disruption

04/01/2020 - 08:26 AM (RTTNews)
(RTTNews) - UK manufacturing activity contracted in March due to the outbreak of the coronavirus, ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.