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Fed to reintroduce commercial paper funding facility – Reuters

The Federal Reserve could reinstate its commercial paper funding facility, which was last used during the 2007-2009 financial crisis, to provide liquidity, Reuters reported on Tuesday, citing two sources with knowledge of the matter.

According to the sources, the announcement on the relaunch of the Commercial Paper Funding Facility (CPFF) could be made as early as Tuesday.

USD reaction

The US Dollar Index edged lower slightly on this headline and was last seen at 99.40, still up around 1.4% on the day.

China: Economic activity is expected to contract in Q1 – UOB

UOB Group’s Economist Ho Woei Chen sees the Chinese economic activity slipping back into the contraction territory in the January-March period. Key Qu
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USD/CHF rallies to over 2-week tops, beyond 0.9600 mark

The USD/CHF pair continued scaling higher and shot to over two-week tops, levels beyond the 0.9600 mark during the early North-American session. A com
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