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The Federal Reserve extended its temporary dollar liquidity swap lines and the FIMA repo facility for foreign central banks through March 31, 2021. The move keeps dollar funding available to international monetary authorities.
Easing dollar funding stress helps keep global trade finance flowing, but the announcement itself is a routine policy extension with limited direct price impact on feed.
fraser.stlouisfed.orgJul 29, 2020After 41 past policy events, US Dollar (Broad) moved a median -0.2% over 5 sessions (44% higher; middle half -0.6% to +0.4%), and +0.3% 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.
