Fed Announces "Enhanced" Central Bank Swap Lines To Ease Dollar Funding Shortage
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Fed Announces "Enhanced" Central Bank Swap Lines To Ease Dollar Funding Shortage

With the Fed throwing the kitchen sink at the global dollar funding shortage problem, and failing to make much of a dent on the renewed surge in the dollar, last night we said that we expect even more aggressive swap lines with global central banks to be revealed by the Fed in the coming days in hopes of easing the $12 trillion dollar margin call.

That happened moments ago when the Fed announced a new...

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