Central Banks in Europe Boost USD Liquidity, Dollar Continues to Stumble
The ECB allocated USD 40 bln in a one day tender, at a marginal rate of 3.25%, with 67.25% of bids alloted at the marginal rate. Bids amounted to USD 82.1 bln from 48 bidders. Separately the SNB allotted USD 10 bln at a weighted average of 2.72% in today's overnight repo auction. Both tenders are part of the co-ordinated effort to boost USD liquidity. Meanwhile, uncertainties in the U.S. continues to fuel bearish sentiment for the dollar, with the greenback losing ground against all of its major counterparts.
- ECB Allots $40B in Three-Day Tender, Euro-Dollar (EURUSD) Gives Back Overnight Gains
- Central Banks in Europe Team Up With the Fed to Boost Liquidity
- Forex Video: Fed's Efforts To Boost Liquidity Ignite US Dollar, Stock Market Rally
- Dollar Stumbles on Data
- European Central Bank Cuts Rates By 25 bps, Less Than Expected