# Fed extends pandemic-related dollar 'swap' lines for 9 other central banks

> The Federal Reserve will keep dollar swap lines open for nine mid-sized foreign central banks until September 30, 2021. The program was established early in the coronavirus pandemic to ease global financial stress. The extension was announced on December 16, 2020.

- Date: 2020-12-16 · published 2020-12-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/49568-fed-extends-pandemic-related-dollar-swap-lines-for-9-other-central-banks
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Keeping dollar liquidity available to foreign central banks supports global trade finance, which helps sustain import demand for feed commodities.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-19 | [Fed opens dollar swap lines for 9 additional foreign central banks](https://feedsoft.ai/events/54305-fed-opens-dollar-swap-lines-for-9-additional-foreign-central-banks.md) | +0.5% | -0.9% |
| DXY | 2020-07-30 | [Fed extends swap lines and warns of slowing US economy - Central Banking](https://feedsoft.ai/events/52027-fed-extends-swap-lines-and-warns-of-slowing-us-economy-central-banking.md) | -0.3% | -0.5% |
| 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 | 2020-07-30 | [US dollar funding tensions and central bank swap lines during the COVID-19 crisis](https://feedsoft.ai/events/52302-us-dollar-funding-tensions-and-central-bank-swap-lines-during-the-covid-19.md) | -0.3% | -0.5% |
| DXY | 2019-06-20 | [Dollar extends losses on Fed rate cut bets](https://feedsoft.ai/events/7441-dollar-extends-losses-on-fed-rate-cut-bets.md) | -1.1% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/business/fed-extends-pandemic-related-dollar-swap-lines-9-other-central-banks-2020-12-16/

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