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RBNZ and Fed Enter into a $15B Swap Line

Discussion in 'Fundamental Analysis' started by ActionForex.com, Oct 29, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The US Federal Reserve plans to provide a $15B swap line to the RBNZ. The swap agreement will remain effective until April 30. The purpose of the swap is to address pressures in the USD short-term market, which has been correlated with a recent sharp rise in the USD against...

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