◾US dollar funding conditions have improved considerably. ◾The ECB will cease to conduct three-month US dollar liquidity-providing operations as of April 2014. ◾One-week US dollar liquidity-providing operations will continue to be conducted at least until 31 July 2014. The Governing Council of the European Central Bank, in cooperation with the Bank of England, the Bank of Japan and the Swiss National Bank, has decided on the future conduct of US dollar liquidity-providing operations. In view of the considerable improvement in US dollar funding conditions and the low demand for US dollar ... (full story)