The US Federal Reserve announced on Monday that it has extended liquidity facilities for commercial paper, money markets, primary traders, and paycheck protection program until March 31, 2021.
The Fed noted that these programs are independent of the credit facilities that the US Treasury recently ordered to close on December 31.
“Liquidity facilities continue to support market performance and improve credit,” the Fed said. “The extension of these programs was approved by the US Treasury and will aid market planning during the first quarter of 2021 to help recovery from the pandemic. “
Market reaction
The US Dollar Index did not show an immediate reaction to this announcement and was last seen shedding 0.2% on the day at 91.60.
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