US dollar funding tensions and central bank swap lines during the COVID-19 crisis

After 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.

• May 22, 2020Have the Fed Swap Lines Reduced Dollar Funding Strains during the COVID-19 Outbreak? - Liberty Street Economics-0.9%
• Mar 17, 2020COVID-19 and the US dollar+4.3%
• Mar 19, 2020Fed opens dollar swap lines for 9 additional foreign central banks+0.5%
• Apr 3, 2020Is there a dollar funding squeeze in China? - Central Banking-0.9%
• Dec 17, 2020Fed’s dollar swap lines and ‘Fima’ facility to run nine more months - Central Banking+0.2%

After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% over 20.

• Oct 3, 2018US dollar strengthens after Fed comments - The Business Times-0.2%
• Sep 23, 2020Dollar rallies as Fed, COVID-19 and recovery worries swirl | Financial Post+0.1%
• Nov 2, 2017Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates-0.2%
• Mar 4, 2019US dollar extends rising streak even as euro slips - The Business Times-1.2%
• Jan 6, 2021Slumping U.S. Dollar Creates Problem for Central Banks Elsewhere - Bloomberg-1.0%