Dollar liquidity in question as central banks try to halt panic
A rush to dollars in recent days has caused dysfunctions in various corners of the financial markets. The US Federal Reserve has rushed to put out the flames, including with new measures on Monday.
A scarcity of dollars has put pressure on borrowers, particularly corporates and those in emerging markets, and disrupted the world’s financial plumbing.On Monday, the Fed acted once more to stabilise short-term dollar funding. It said it was expanding the funding facility for commercial paper (CPFF) and the ...
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