San Francisco, April 11. Late this afternoon, the G-7 Financial Stability Forum has issued recommendations that central banks should establish forex swap lines, which sounds quite similar to the array of standing swap arrangements between ASEAN nations, established in the wake of the Asian crisis. The panel also recommends taking collateral in a range of foreign currencies and the ability to conduct open market operations against collateral in a range of currencies. It sounds like a boon for the forex markets in establishing even more cross-currency asset swaps.
The news has had little impact however with currency pairs having been range-bound for the last few hours. US stocks closed sharply weaker with the DJIA down 256 pts. USD/JPY attempts to push lower at the close failed at 100.70, above the earlier low of 100.65. Option defense is tipped behind the inability to break under 100.50. Good offers remain at 101.30/40.
美元/日元:G7金融稳定论坛建议各国央行建立外汇互换通道
G7金融稳定论坛建议各国央行建立外汇互换通道,和东盟在亚洲金融危机后建立的常设外汇互换协议相仿,论坛还建议多种货币联系起来,消息对市场没什么影 响,美股大跌,道指收跌256点,美元/日元收于100.70,传闻100.50上方有期权捍卫买盘。良好卖盘在101.30/40。
The news has had little impact however with currency pairs having been range-bound for the last few hours. US stocks closed sharply weaker with the DJIA down 256 pts. USD/JPY attempts to push lower at the close failed at 100.70, above the earlier low of 100.65. Option defense is tipped behind the inability to break under 100.50. Good offers remain at 101.30/40.
美元/日元:G7金融稳定论坛建议各国央行建立外汇互换通道
G7金融稳定论坛建议各国央行建立外汇互换通道,和东盟在亚洲金融危机后建立的常设外汇互换协议相仿,论坛还建议多种货币联系起来,消息对市场没什么影 响,美股大跌,道指收跌256点,美元/日元收于100.70,传闻100.50上方有期权捍卫买盘。良好卖盘在101.30/40。