Home Forex News Resuming of Dollar Swap Lines Will Boost Non-Dollar Currencies

Resuming of Dollar Swap Lines Will Boost Non-Dollar Currencies

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Meanwhile euro and other currencies are trading higher after four of the world’s leading central banks have further scaled back the US dollar liquidity they offer via emergency swap lines with the Federal Reserve, in the latest illustration of the global financial system’s recovery from the market panic caused by corona virus earlier this year.

TREND : WEAK BULLISH

Time                                      :           21/08/2020

Pivot                                      :           1.1853

Technical View                     :             LONG ABOVE 1.1873

Target                                   :            1.1893, 1.1901, 1.1921, 1.1962

Technical View                     :             SHORT BELOW 1.1833

Target                                   :            1.1813, 1.1785, 1.1763

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