Major Central Banks will Inject Liquidity in Dollars

The European Central Bank (ECB), the U.S. Federal Reserve (Fed), the Bank of England, Bank of Japan and the Swiss National Bank announced new joint liquidity operations in U.S. dollars in order to inject liquidity into markets, as reported by the entities in a statement.

Three auctions will be held in dollars with an expiration date of three months before the end of the year. The first of these auctions will be held on October 12 and then two more will take place on November 9 and December 7. Their expiration dates will occur on January 5, February 2 and  March respectively.

The main European markets have reacted to this news sharp rises. The Dow shot up around 3.93% at 15.30 and Germany’s DAX climbed 3.6%, while the main stock index both the French and Italian shares rose 3.7%. Meanwhile, the UK’s FTSE 100 rallied 2.3%.