# The Importance of the Fed’s Dollar Swap Lines and FIMA Repos | St. Louis Fed

> 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.

- Date: 2020-10-08 · published 2020-10-08T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50558-the-importance-of-the-fed-s-dollar-swap-lines-and-fima-repos-st-louis-fed
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar liquidity backstops ease global dollar funding stress, which reduces pressure on the dollar and emerging-market currencies that affects import-dependent commodity demand.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-12-17 | [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 | 2019-11-04 | [The Dollar Advances as Fed Rate Guidance and Trade War Headlines Offer Support](https://feedsoft.ai/events/55964-the-dollar-advances-as-fed-rate-guidance-and-trade-war-headlines-offer-support.md) | +0.5% | +1.0% |
| DXY | 2019-06-17 | [FX Talking: The beginning of the end of the dollar’s rally \| reports \| ING THINK](https://feedsoft.ai/events/9810-fx-talking-the-beginning-of-the-end-of-the-dollar-s-rally-reports-ing-think.md) | -0.9% | -1.1% |
| DXY | 2018-04-27 | [And The U.S. Dollar?](https://feedsoft.ai/events/65691-and-the-u-s-dollar.md) | +0.7% | +1.9% |

## Sources

- stlouisfed.org: https://www.stlouisfed.org/on-the-economy/2020/october/fed-dollar-swap-lines-fima-repos

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