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The Bank for International Settlements says Federal Reserve actions have made dollar funding cheaper through derivatives markets, but further steps are needed to keep these markets open. Three-month euro-dollar FX swap rates widened to below minus 120 basis points in March before recovering to about 45 basis points.
Dollar funding access is critical for trade finance and working capital along global supply chains, including grain and feed shipments. Improved liquidity supports trade flows, but continued stress could disrupt import financing.
financialpost.comReutersApr 1, 2020After 4,478 past macro events, DXY 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.
