As much as i know,this doesnt affect the value of a dollar.

I'ts not just the Federal Reserve anymore, little sister. These guys didn't get any sleep last night: Board of Governors of the Federal Reserve System Press Release Release Date: September 18, 2008 For release at 3:00 a.m. EDT Today, the Bank of Canada, the Bank of England, the European Central Bank (ECB), the Federal Reserve, the Bank of Japan, and the Swiss National Bank are announcing coordinated measures designed to address the continued elevated pressures in U.S. dollar short-term funding markets. 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. Federal Reserve Actions The Federal Open Market Committee has authorized a $180 billion expansion of its temporary reciprocal currency arrangements (swap lines). This increased capacity will be available to provide dollar funding for both term and overnight liquidity operations by the other central banks. For the rest, go to: http://www.federalreserve.gov/newsevents/press/monetary/20080918a.htm