In a statement published on Tuesday, the Federal Reserve Bank of New York announced that it will conduct an additional overnight repurchase agreement (repo) operation for up to an aggregate offered amount of $500 billion with a minimum bid rate of 0.1%. “This action is taken to ensure that the supply of reserves remains ample and to support the smooth functioning of short-term U.S. dollar funding markets,” the NY Fed noted in its statement. Market reaction The S&P 500 Index, which erased almost all of its earlier gains in the last hour, gained traction and was last up 1.75% on the 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 Ethereum Price Analysis: ETH/USD door is still open to greater selling FX Street 2 years In a statement published on Tuesday, the Federal Reserve Bank of New York announced that it will conduct an additional overnight repurchase agreement (repo) operation for up to an aggregate offered amount of $500 billion with a minimum bid rate of 0.1%. "This action is taken to ensure that the supply of reserves remains ample and to support the smooth functioning of short-term U.S. dollar funding markets," the NY Fed noted in its statement. Market reaction The S&P 500 Index, which erased almost all of its earlier gains in the last hour, gained traction and was last up 1.75% on the… 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.
