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Swap Lines

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chalcedonite Posted: Tue, Mar 11 2008 8:56 AM

This is a new intiative by the FED: 

"These arrangements will now provide dollars in amounts of up to $30 billion and $6 billion to the ECB and the SNB respectively," the Fed said, extending the term of these swap lines through Sept. 30.

Can someone elaborate on this for me?  Will this make a difference in the value of the dollar? 

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