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Fed Announces the Creation of a Commercial Paper Funding Facility, USD/JPY Rises, Gol

Discussion in 'Fundamental Analysis' started by ActionForex.com, Oct 7, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The Federal Reserve said today that will create a Commercial Paper Funding Facility (CPFF) to help provide liquidity to term funding markets. The Treasury believes this facility is necessary to prevent substantial disruptions to the financial markets and the economy. Initially, the stock market and high yielding currencies reacted positively...

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