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St. Louis Fed explainer on dollar swap lines and FIMA repo facility, which the Fed temporarily expanded in March. The lines let foreign central banks borrow dollars against their own currency.
Dollar liquidity backstops ease global dollar funding stress, which reduces pressure on the dollar and emerging-market currencies that affects import-dependent commodity demand.
stlouisfed.orgSungki Hong, Devin WernerOct 8, 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.
