The Federal Reserve Bank of New York announced on Friday that it will purchase approximately $6 billion in Treasury securities every day next week.
With this decision, the total amount of weekly purchases will be lowered to $30 billion from $35 billion this week.
Market reaction
The US Dollar Index largely ignored this headline and was last seen rising 0.15% on the day at 100.41. Meanwhile, Wall Street’s main indexes, which started the day around 1% lower, were last seen gaining between 0.1% and 0.2%.
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