FRANKFURT/LONDON/TOKYO, April 25 (Reuters) - The world's
top central banks will reduce the frequency of their dollar
operations with the U.S. Federal Reserve after volatility in
financial markets receded, the banks said in a joint statement
on Tuesday.
The European Central Bank, the Bank of Japan, the Bank of
England and the Swiss National Bank have been conducting daily
dollar swaps with the Fed for the past month but will now revert
to weekly tenders, given improvements in U.S. dollar funding
conditions they said.
(Reporting by Balazs Koranyi, Leika Kihara and William
Schomberg; Editing by Alison Williams)
Reuters Messaging:
balazs.koranyi.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.