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Fed's Dudley expresses concern over wholesale funding

FXStreet (Łódź) - New York Fed President William Dudley stressed on Wednesday that there was a need to make wholesale funding more stable, as it remained vulnerable.

"Much has been done over the past few years to mitigate the structural flaws that make wholesale funding a weak point," he admitted, adding however that there was still work to be done.

He also pointed out that in the post-crisis environment it was much more difficult to conduct extraordinary interventions in shadow banking.

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AUD/USD breaks above 0.9300

The AUD/USD rose sharply and rose through the 0.9300 level to fresh weekly highs as the greenback slumped across the board.
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