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The US Federal Reserve gave the Reserve Bank of India and other central banks access to a dollar currency swap facility, effective April 6 for at least six months. The RBI had reportedly requested it because of pressure on the rupee.
Easier access to dollar funding eases pressure on emerging-market currencies, which tends to support the rupee and weigh on the dollar index.
livemint.comDhirendra TripathiMar 31, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
