— corrects fixed rate to read 0.66%, not 0.67% as previously stated
FRANKFURT (MNI) – The European Central Bank said Wednesday that it
will launch a 7-day liquidity providing operation to ease pressures in
the short-term U.S. dollar funding markets.
The operation is carried out at a fixed rate of 0.66% with the
central bank planing to satisfy all bids received against eligible
collateral. The minimum bid is $5 million. The Euro/USD rate is set at
1.2061.
Bids for today’s operation are due by 7:45 GMT today. Tender
results will be announced at 09:00 GMT.
–Frankfurt Bureau tel.: +49-69-720 142, email: frankfurt@marketnews.com
[TOPICS: M$$CR$,M$X$$$,M$XDS$,MN$MM$,M$$EC$]
