ICYMI - Fed, ECB, BOJ, BOE, BOC, SNB announce coordinated intervention

<p>Emergency liquidity announcements on a Sunday evening. </p><ul><li><a href="https://ift.tt/p0OnxWE" target="_blank" rel="follow" data-article-link="true">Fed, BoE, BoJ, ECB SNB, BoC to coordinate action to enhance liquidity provision</a></li></ul><p>Boosted swap lines have become a standard tool in global central bank coordination. Happened back in March 2020 too. that time it was after the event, this time the Banks are getting ahead of it it seems. </p><p>It's a very reliable sign that central Banks must be really worried about the global financial system if they feel the need to insure the supply of US dollars. </p><p>A tailwind for risk. </p><p>Forex update snapshot</p> This article was written by Eamonn Sheridan at www.forexlive.com.

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