Dollar surge pricing will be in effect through October

Note to global banks: the dollar is continuing to experience higher-than-usual demand, and will have surge pricing through mid-October, at least. That’s when new US money-market fund rules go into effect. After that, we’ll see how much cash is withdraw…

Note to global banks: the dollar is continuing to experience higher-than-usual demand, and will have surge pricing through mid-October, at least. That's when new US money-market fund rules go into effect. After that, we'll see how much cash is withdrawn from institutional prime funds -- a large source of non-US banks' dollar funding needs -- as a result of their newly floating net asset values and redemption gates and fees

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