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Federal Reserve Increases Operating Hours of US Dollar Swap Lines
According to reports, the Federal Reserve said that in order to improve the effectiveness of providing US dollar funds through the US dollar swap line, the central bank that currently provides US dollar operations has agreed to increase the frequency of 7-day maturity operations from weekly to daily. The increase in operating hours will begin on Monday and will continue at least until the end of April. Federal Reserve: Global Central Banks Will Increase Liquidity Through Dollar Swap Agreements Analysis based on this information:The Federal Reserve has made a move to improve the effectiveness of US dollar funds by increasing the frequency of 7-day maturity operations from weekly to daily. The central bank responsible for providing US dollar operations has agreed to these changes, which will begin on Monday and continue at least until the end of April. This decision shows a concerted effort on the part of the Federal Reserve to make ample funds available in the financial system,…
