IMF's Georgieva: Executive board approves creation of short-term liquidity line…

Anil Panchal FXStreet

"Executive board approves creation of short-term liquidity line to help countries with pandemic response," International Monetary Fund's (IMF) Managing Director Kristalina Georgieva said on early Thursday morning in Asia.

FX implications

Although the news should have ideally helped the risk, futures linked to the S&P 500 and Dow Jones Industrial Average (DJI30) fell from 0.10% to near -0.30% each following the announcement.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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