Dlr swap seen as more than a confidence measure

UK - In another move to ensure market liquidity, central banks Thursday established swap facilities to alleviate the tight dollar market in Europe - a move welcomed by the financial industry.

The European Central Bank said that it had set up a $50 billion one-month swap facility with the Federal Reserve, while Swedish and Danish central banks also established short-term swap facilities, to meet increased dollar demands while the U.S. financial sector recovers from Tuesday's terrorist attacks i