NY Fed: FX swaps with foreign central banks total $35 million in latest week

NY Fed: FX swaps with foreign central banks total $35 million in latest week

The European Central Bank swapped $35 million with a term of 7 days and a rate of 1.66 percent.

The Federal Reserve has established swap arrangements with the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank, and the Bank of Japan in an effort to respond to the reemergence of strains in short-term funding markets in Europe.

(The full Fed report can be found at: https://apps.newyorkfed.org/markets/autorates/fxswap)

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