“We need everybody to chip in to avoid unnecessary bankruptcies,” International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday and added that they want to reverse the outflow of capital from emerging markets. Additional takeaways “New short-term liquidity line will give many countries access to short-term funding.” “Short-term liquidity line will not lock in resources on a larger than necessary scale.” “Hope to reassure private investors to halt outflow from developing countries.” “Will discuss further options to help African nations at the meeting Friday with the World Bank, UN.” “Now is the time we don’t lose the momentum of African growth.” Market reaction The US Dollar Index gained traction in the last minutes and jumped above the 100 handle. However, this movement seems to be technical rather than a reaction to these comments. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY spikes down to 107.15 and rebounds toward the 107.90 area FX Street 2 years "We need everybody to chip in to avoid unnecessary bankruptcies," International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday and added that they want to reverse the outflow of capital from emerging markets. Additional takeaways "New short-term liquidity line will give many countries access to short-term funding." "Short-term liquidity line will not lock in resources on a larger than necessary scale." "Hope to reassure private investors to halt outflow from developing countries." "Will discuss further options to help African nations at the meeting Friday with the World Bank, UN." "Now is the time we don't lose the momentum of African growth."… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
