US Dollar crashes as the Federal Reserve move to aggressively buy treasuries.
Disclaimer: THIS MATERIAL IS NOT INVESTMENT RESEARCH AS DEFINED BY THE FINANCIAL SERVICES AUTHORITY
The US dollar sank across the board yesterday as the federal reserve announced extreme measures to revive the US economy which included planning to buy billions of dollars worth of government debt. The FOMC decision sent the dollar crashing against the majors.
The Fed’s plan to buy $300 billion of long term government debt over the next 6 months. The plan is to improve private credit markets. With the US easing monetary conditions this aggressively, it is likely there will be a greater supply of dollars, there could be more inflation risk and more dollar weakness.
Thursday 19 March 2009, 02:39pm
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