John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (13206)	6/14/2012 2:35:56 PM
From: Hawkmoon	Read Replies (1) of 33421

The Fed came to the rescue 8 or 10 weeks ago when they reduced the OIS swaps rate 50 basis points and provided the ECB with a Trillion dollars of liquidity. And if I understand currency swaps properly, the Fed is taking a hit on the "Trillion dollar equivalent" in Euros that were swapped as they have definitely decreased in value. But I'm curious whether there will be more swaps of that nature in order to meet the growing demand for USD in Europe? I sense that the time is approaching where businesses doing trade with Europe will demand payment in USD instead of Euros. Hawk

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