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Reuters: Fed sets $30 billion swaps lines to ease credit strains

Started by chris, September 24, 2008, 11:00:26 AM

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chris

Fed sets $30 billion swaps lines to ease credit strains
      


WASHINGTON (Reuters) - The U.S. Federal Reserve said on Wednesday that it had set up $30 billion worth of new currency swaps with central banks in Australia and Scandinavia, marking its latest bid to ease global credit market strains.
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