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Fed to Open Currency Swap Lines: Is The Fed About to Save the Europeans?

05-07-2010 • ZeroHedge.com

The Fed is considering reopening swap lines with central banks, likely in conjunction with the rumored rescue package. This is the news that shot the market up in the last 10 minutes of trading as the Fed would never allow the market to close at the days lows, as it was preparing to do.

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