# Fed extends swap lines and warns of slowing US economy - Central Banking

> The Federal Reserve extended its emergency US dollar swap lines by six months, to March 31 next year, for US banks and some foreign central banks. The FOMC made no changes to policy rates or asset purchases and warned that the recovery is slowing as Covid-19 cases rise.

- Date: 2020-07-30 · published 2020-07-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52027-fed-extends-swap-lines-and-warns-of-slowing-us-economy-central-banking
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Extended dollar swap lines ease global dollar funding stress, which supports emerging-market currencies and import demand. The warning of slowing growth weighs on energy and industrial demand.

## Read by commodity

- DXY: bearish ▼

## 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 | 2024-06-03 | [US dollar sinks to three-week low on signs of slowing economy](https://feedsoft.ai/events/29966-us-dollar-sinks-to-three-week-low-on-signs-of-slowing-economy.md) | +1.2% | +1.9% |
| DXY | 2018-03-04 | [Currency markets send a warning on the US economy](https://feedsoft.ai/events/66191-currency-markets-send-a-warning-on-the-us-economy.md) | -0.6% | -0.8% |
| DXY | 2019-10-30 | [Fed cuts rates for the third time as US economy slows \| CNN Business](https://feedsoft.ai/events/56485-fed-cuts-rates-for-the-third-time-as-us-economy-slows-cnn-business.md) | +0.1% | +1.0% |
| DXY | 2022-06-15 | [Dollar dips as Fed hikes rates, flags slowing economy](https://feedsoft.ai/events/7713-dollar-dips-as-fed-hikes-rates-flags-slowing-economy.md) | -0.9% | +2.0% |

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/monetary-policy-decisions/7661236/fed-extends-swap-lines-and-warns-of-slowing-us-economy

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