In its recently published statement regarding the monetary policy implementation, the Federal Reserve announced that it will begin the United States (US) Treasury bond purchases of about $60 billion per month to maintain over time ample reserve balances. The US Dollar Index largely ignored these comments and was last seen down 0.4% on the day at 98.29. Below are some additional takeaways, per Reuters. “Purchases will be in addition to the ongoing purchases related to run off of holdings of mortgage-backed securities.” “Purchases to continue at least until second quarter of next year.” “Will conduct overnight repo operations at least through January to assure ample reserves even during spikes in demand.” “Actions are purely technical measures and do not represent a change in the stance of monetary policy.” “Open to adjusting the plan as needed.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Forex News Today: Daily Trading News share Read Next Bitcoin is still king of the cryptos FX Street 4 years In its recently published statement regarding the monetary policy implementation, the Federal Reserve announced that it will begin the United States (US) Treasury bond purchases of about $60 billion per month to maintain over time ample reserve balances. The US Dollar Index largely ignored these comments and was last seen down 0.4% on the day at 98.29. Below are some additional takeaways, per Reuters. "Purchases will be in addition to the ongoing purchases related to run off of holdings of mortgage-backed securities." "Purchases to continue at least until second quarter of next year." "Will conduct overnight repo operations at least… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
