### Comment:
If it’s a dollar liquidity problem, you will see it in Fed funds first, not repo. You’ll see it on the cross currency and Eurodollar term structures if there is a dollar liquidity problem.  
  
 MANY global banks used to run carry trades by borrowing fed funds and arb the spot and 3M forwards market

### REPLY:
As a retail investor who hasn't studied Fx, how could I see a liquidity problem on the cross currency and Eurodollar term structures? 
  
 Sorry for all of the questions - just trying to get my head wrapped around of all of this.

### END.