It's Thursday, August 20, 2020, as we headed in market close, London time. This is the

Real Vision Daily briefing. I'm Ash Bennington in

New York joined shortly by Real Vision Creative Studios managing editor Roger Hurst.

But first, Peter Cooper with the day's stories.

Thanks, Ash.

The European Central Bank, the Bank of Japan, the Bank of England, and the Swiss National Bank

have all announced today that they will be scaling back their US dollar liquidity operations

due to quote continuing improvements in US dollar funding conditions and the low

demand end quote this is the second time the central banks have cut back.

Now, instead of offering swap lines for short-term dollar funding three times a week,

it will be cut back to once a week.

The Fed had reinstated the swap lines with several central banks in March

to ease liquidity constraints globally after a surge in demand for dollars.

The amount outstanding has tapered off since June. While liquidity conditions have stabilized and developed

in emerging economies, the macro outlook remains highly uncertain. And mixed data and

the macro outlook remains highly uncertain. And mixed data is keeping everyone on edge, including the Fed.

Today, the US initial jobless claims experienced an increase to 1.1 million,

seasonally adjusted.

This increase was above the estimates of 920,000

for initial claims.

Non-seasonally adjusted numbers also show an increase

to 891,510.

...