Fresh from the Fed — $9.2bn of US dollar liquidity:
Which means the Federal Reserve’s balance sheet now stands at a cool $2,318bn. It reached an all-time high of $2,343bn on April 14, and had been shrinking for the past few weeks.
Yet to be decided: whether the central bank will sterilise those currency swaps.
Related links:
Eurozone banks sip at ECB’s dollar swap facility – FT Alphaville
Asian states hold back on dollar swaps with Fed – FT
How bad in Europe? Your cut-and-paste guide - FT Alphaville
The euro premium episode – FT Alphaville