# Fed’s dollar swap lines and ‘Fima’ facility to run nine more months - Central Banking

> The Federal Reserve extended its dollar swap lines and the FIMA repo facility until September 30, 2021. The Fed kept its main policy tools unchanged while adjusting guidance on asset purchases at its December 2020 meeting.

- Date: 2020-12-17 · published 2020-12-17T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/49844-fed-s-dollar-swap-lines-and-fima-facility-to-run-nine-more-months-central
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Extended dollar funding backstops reduce global dollar-funding stress, which has only a modest direct effect on feed commodity prices.

## 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 | 2020-11-24 | [Did the Fed’s Dollar Swap Lines and FIMA Repos Work? \| St. Louis Fed](https://feedsoft.ai/events/50080-did-the-fed-s-dollar-swap-lines-and-fima-repos-work-st-louis-fed.md) | -1.0% | -1.6% |
| 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 | 2020-12-16 | [Fed extends pandemic-related dollar 'swap' lines for 9 other central banks](https://feedsoft.ai/events/49568-fed-extends-pandemic-related-dollar-swap-lines-for-9-other-central-banks.md) | +0.3% | -0.3% |
| 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% |

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/international/7725201/fed-extends-dollar-swap-lines-and-fima-facility

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