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Story summary
- European Central Bank (ECB) plans to extend euro repo lines to foreign central banks to bolster the euro's global role.
- ING's Francesco Pesole views the move as positive and says it could strengthen the euro against the dollar if dollar confidence declines.
- Commerzbank's Thu Lan Nguyen argues the initiative is unlikely to challenge the dollar's dominance, since global trade primarily relies on dollars.
- The euro currently trades at $1.1863.
