Euro climbs as major central banks boost dollar liquidity

- Central Banking Newsdesk
- 15 Sep 2011

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The euro surged 0.88% against the dollar on Thursday, after major central banks around the world agreed to provide three-month dollar liquidity to banks, in a bid to ease tensions in money markets.

The European Central Bank, Swiss National Bank (SNB), Bank of Japan, and the Bank of England all announced plans to conduct three US dollar tenders, each at a term of approximately three months covering the end of the year.

The tenders will be in addition to the ongoing weekly seven-day tenders of

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