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Global dollar crunch appears over as central banks rely less on Fed backstop


Global dollar crunch appears over as central banks rely less on Fed backstop

June 23, 2020 at 3:13 PM

A global crunch for U. S. dollars that was a hallmark of the early moments of the coronavirus crisis appears to have passed, the latest milestone in a remarkable turnaround in financial conditions engineered by the Federal Reserve and other top central banks.

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