A bit of detail on the dollar funding move announced this morning: The ECB will offer 90 day...

|By:, SA News Editor

A bit of detail on the dollar funding move announced this morning: The ECB will offer 90 day dollar loans - in 3 operations later this year - to EU banks in the hopes of assuring smooth functioning of money markets. It's an ECB operation, with the other central banks signing on to show a united front.