UPDATE 2-Dollar costs plunge in FX swap markets, still elevated onshore
The cost of swapping euros and
sterling for dollars in FX swap markets fell on Monday to the
lowest in over a decade in a sign of success for central banks’
operations, though some other indicators imply money market
stress has not wholly dissipated.
sterling for dollars in FX swap markets fell on Monday to the
lowest in over a decade in a sign of success for central banks’
operations, though some other indicators imply money market
stress has not wholly dissipated.
Posted by Reuters
