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Fed Grabs Another $30B in Currency Swap

Lines set up with banks in Australia, Europe to ease credit

By Kevin Spak, Newser Staff

Posted Sep 24, 2008 10:00 AM CDT

(Newser) – The Federal Reserve announced today that it had set up another $30 billion worth of currency swap lines—designed to put more dollars into world markets—in its latest effort to deal with the credit market. The Fed arranged two $10 billion reciprocal circuits with... Read full story »

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Fed Grabs Another $30B in Currency Swap

Lines set up with banks in Australia, Europe to ease credit

Ben Bernanke • currency • currency exchange • liquidity • US dollar • bailout • financial crisis

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Dollar Soars to 1-Year High

Greenback climbs higher still after Fannie-Freddie bailout

Dollar's Long Rally Likely to Stall in 2009

Recession, low interest rates will catch up with buoyant greenback

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Plan's huge pricetag undermines confidence in the buck

Japan, China Cut Currency Deal, Shun Dollar

Leaders also discuss North Korea

Dollar Nears 3-Year Low

Set for biggest weekly plunge since January

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