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“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.