Fed boosts, adds currency-swap lines with global peers

The Federal Reserve expanded its currency-swap lines with central banks in Europe and established programs with its counterparts in Britain, Japan and Canada. The Fed added $180 billion to the programs as central banks around the world struggle to meet demand for the U.S. dollar from commercial banks. "These measures, together with other actions taken in the last few days by individual central banks, are designed to improve the liquidity conditions in global financial markets. The central banks continue to work together closely and will take appropriate steps to address the ongoing pressures," the central banks said in a joint statement.

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