The NY Fed reports that of all the swap lines reactivated with global central banks earlier this week, only one was used, by the ECB.
Presumably the ECB borrowed the $9.2 bln to lend to European commercial banks.
EUR/USD sits at 1.2530 session lows.
The NY Fed reports that of all the swap lines reactivated with global central banks earlier this week, only one was used, by the ECB.
Presumably the ECB borrowed the $9.2 bln to lend to European commercial banks.
EUR/USD sits at 1.2530 session lows.