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A St. Louis Fed analysis examines whether the expanded dollar swap lines and FIMA repo facility eased dollar shortages during the COVID-19 recession. It measures cross-currency bases between the US dollar and major currencies to assess effectiveness.
This is a monetary-policy research piece about global dollar funding conditions, with no direct effect on feed supply, demand or prices.
stlouisfed.orgSungki Hong, Devin WernerNov 24, 2020After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
