Demand for greenbacks surges in Europe as the ECB allots $50.7B in 90 day dollar loans at 0.59%...

|By:, SA News Editor

Demand for greenbacks surges in Europe as the ECB allots $50.7B in 90 day dollar loans at 0.59% in its first liquidity operation since the Fed greased swap lines with other central banks last week. The previous ECB operation saw just $395M in loans granted at a rate of 1.09%.