New Fed $ Swap Lines

The Fed announced temporary dollar liquidity lines with nine additional Swap lines to help with Dollar liquidity/Shortage. I believed this would have weighed a bit on Dollar index and at a minimum provided some relief to cross currency basis swaps of Jpy and Eur.This was not the case and indicates that problems wit Dollar liquidity are not going away soon,More dollar liquidity measures needed

JPy dollar basis swap the more negative it is the more expensive to get dollars for Jpy
a bit Volatile in the market of Swapping Euros for Dollars. i would repeat until Dollar starts to move lower a sustained Risk on Move will be hard

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