European officials concerned over relying on Fed for USD funding in times of mkt stress ...Middle East

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Reuters cite "six people familiar with the matter"sources told Reuters they consider it highly unlikely the Fed would not honour its funding backstops — and the Fed has given no signals to suggest thatbut, given the dismantling of long-standing U.S. policy in several areas by Trump, the question is being raised over the possibility the U.S. government might pressure the Fed to suspend the dollar backstops

The Federal Reserve providing USD funding during periods of financial stress is a keystone of financial stability.

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This article was written by Eamonn Sheridan at www.forexlive.com.

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