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The New York Fed provided another massive cash injection into the repo market, this time adding over $70 billion. According to recent reports, the Federal Reserve Bank of New York injected yet another major amount in temporary liquidity on December 4th. This time, the amount is even higher than the last one, which was added back in late September of this year. Bitcoinist reported, the Fed decided to inject the financial market with $63.5 billion.
The post Repo Markets Gain Another $70 Billion, USD Continues to Weaken appeared first on Bitcoinist.com.
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