During times of financial stress, the Fed typically provides lending facilities to major counterparts to alleviate shortages in the dollar. But amid the erratic policy rollout by Trump, officials are fearing that this funding source could be shut down abruptly.
Funnily enough, the recent market swings seem to be suggesting an aversion to the dollar though. And at least for the time being, the ECB can take in some comfort of better developments from the US-China trade conflict. We've definitely bought some temporary reprieve on the trade front but who's to say what might come next.
This article was written by Justin Low at www.forexlive.com. Read More Details
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