In another effort to ward off the negative implications of the coronavirus (COVID-19), the US Federal Reserve announced that it will offer helps to primary dealers via short-term loans. Key quotes Will open primary dealer credit facility beginning March 20 and lasting at least 6 months for 90-day loans. Will offer collateralized loans to primary dealers. Acceptable collateral includes commercial paper, municipal bonds, investment-grade corporate debt and equity instruments such as stocks, ETFs. mutual funds. The interest rate will be at the primary credit (or discount window) rate. FX implications While the news should ideally add to the market’s risk-positive sentiment, USD/JPY drops from 107.70 to 107.50 after the news release. Investors will wait for further details to confirm the bullish bias portrayed the previous day. 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 FXStreet News share Read Next USD/JPY awaits fresh clues to cross 108.00, trade sentiment stays positive FX Street 2 years In another effort to ward off the negative implications of the coronavirus (COVID-19), the US Federal Reserve announced that it will offer helps to primary dealers via short-term loans. Key quotes Will open primary dealer credit facility beginning March 20 and lasting at least 6 months for 90-day loans. Will offer collateralized loans to primary dealers. Acceptable collateral includes commercial paper, municipal bonds, investment-grade corporate debt and equity instruments such as stocks, ETFs. mutual funds. The interest rate will be at the primary credit (or discount window) rate. FX implications While the news should ideally add to the market’s risk-positive… 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.
