Banks borrow $34.9 billion from its 1-week dollar funding
Forex News

Banks borrow $34.9 billion from its 1-week dollar funding

The Bank of Japan (BOJ) said in a statement on its website on Monday, banks borrowed $34.85 billion from the central bank’s one-week dollar funding operation, as dollar funding stress haunted the financial markets amid the coronavirus crisis.

The BOJ said last week it will conduct dollar funding operations every day in coming weeks to ease the market tensions, per Reuters.

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