Market News
Euro zone banks should prepare for risk of dollar squeeze, ECB says - REUTERS
FRANKFURT, Nov 26 (Reuters) - Euro zone lenders with big dollar businesses should bulk up their liquidity and capital cushions to withstand any squeeze in a U.S. currency made more volatile by President Donald Trump's actions, the European Central Bank said on Wednesday.
The ECB has been telling banks to watch their dollar exposure since Trump's tariffs and his pressure on the Federal Reserve rattled confidence in the world’s reserve currency in the spring.
