The Dollar is taking a breather after soaring for the past eight sessions, as the Dollar index (DXY) tests the 103 support level while still remaining near its highest levels since Q1 2017. This is offering some slight reprieve for the rest of the world, with all G10 and Asian currencies, except for the Indonesian Rupiah, seeing gains against the US Dollar.
The Fed has established Dollar liquidity-swap lines with 14 central banks around the world, ensuring that more US Dollars can be supplied to meet the overwhelming demand from companies and financial institutions amid a liquidity crunch… Read More:
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