# Board of Governors of the Federal Reserve System : Documents Relating to the COVID-19 Pandemic, Federal Reserve Announces the Extension of Its Temporary U.S. Dollar Liquidity Swap Lines and the Temporary Repurchase Agreement Facility for Foreign and International Monetary Authorities (FIMA Repo Facility) Through September 30, 2021, December 16, 2020 | FRASER | St. Louis Fed

> The Federal Reserve extended its temporary U.S. dollar liquidity swap lines and the FIMA repo facility for foreign and international monetary authorities through September 30, 2021. The facilities were set up early in the pandemic to ease global dollar funding stress.

- Date: 2020-12-16 · published 2020-12-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/49565-board-of-governors-of-the-federal-reserve-system-documents-relating-to-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Extended dollar swap lines reduce the risk of global dollar funding shortages, which limits sharp dollar spikes that could pressure import-dependent feed demand.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-10-08 | [The Importance of the Fed’s Dollar Swap Lines and FIMA Repos \| St. Louis Fed](https://feedsoft.ai/events/50558-the-importance-of-the-fed-s-dollar-swap-lines-and-fima-repos-st-louis-fed.md) | -0.2% | -1.6% |
| DXY | 2016-12-01 | [Hong Kong Monetary Authority - Statement by Norman T. L. Chan, Chief Executive of the Hong Kong Monetary Authority to the media on 15 December 2016 (Abridged version)](https://feedsoft.ai/events/73370-hong-kong-monetary-authority-statement-by-norman-t-l-chan-chief-executive-of.md) | -0.9% | +0.8% |
| DXY | 2019-06-21 | [Speech by Governor Brainard on "Fed Listens in Cincinnati: How Does Monetary Policy Affect Your Community?" - Federal Reserve Board](https://feedsoft.ai/events/58516-speech-by-governor-brainard-on-fed-listens-in-cincinnati-how-does-monetary.md) | -0.1% | +0.1% |
| DXY | 2020-12-17 | [Fed’s dollar swap lines and ‘Fima’ facility to run nine more months - Central Banking](https://feedsoft.ai/events/49844-fed-s-dollar-swap-lines-and-fima-facility-to-run-nine-more-months-central.md) | +0.2% | -0.2% |
| DXY | 2016-11-11 | [Speech by Vice Chairman Fischer on U.S. monetary policy from an international perspective - Federal Reserve Board](https://feedsoft.ai/events/73749-speech-by-vice-chairman-fischer-on-u-s-monetary-policy-from-an-international.md) | +1.4% | +0.8% |

## Sources

- fraser.stlouisfed.org: https://fraser.stlouisfed.org/archival-collection/board-governors-federal-reserve-system-6116/federal-reserve-announces-extension-temporary-us-dollar-liquidity-swap-lines-temporary-repurchase-agreement-facility-foreign-international-monetary-authorities-fima-repo-facility-september-30-2021-598609

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.