DislikedRBA 5 hours after FOMC, take note. Currently pushing new highs of the day, but mainly because of USD weakness.Ignored
Bank of Japan Bilateral Swap Agreement.. with Malaysia
At the start of a swap, central bank 1 sells a specified amount of currency A to central bank 2 in exchange for currency B at the prevailing market exchange rate. Central bank 1 agrees to buy back its currency at the same exchange rate on a specified future date.
Malaysian Deal is finished..
A new bilateral swap agreement is in the pipe line.. The Credit Swaps are about to kick in too.. Along with the Swap Lines
USD will kick in soon since the agreement has been reached.. Pending Sell on all pair.. There was a reason for it..
It all began on 9/21.. This is now the drop out zone.. US creditor need to be paid.. for the loan..