NY Fed: Treasury purchases next week will be lowered to $25 billion

The Federal Reserve Bank of New York announced on Friday that it will purchase approximately $5 billion in Treasury securities every day next week. Wi  |  22/05/2020 17:33

The Federal Reserve Bank of New York announced on Friday that it will purchase approximately $5 billion in Treasury securities every day next week. 

With this decision, the total amount of weekly purchases will be lowered to $25 billion from $30 billion this week. 

Market reaction

This announcement had little to no impact on the USD's performance against its major rivals. As of writing, the US Dollar Index was up 0.42% on a daily basis at 99.84. Despite Friday's recovery, the index remains on track to finish the week around 0.5% lower.

Share

Popular News

Show More Popular News

TheFXApp's Views

TheFXApp analyses will provide both fundamental and technical comprehensions on finance
and other asset classes for TheFXApp viewers

Back

Login to TheFXApp Account

Your TheFXApp account gives you access to the tools that we offer our customers including our
Technical Studies & Sentiment for your accounts.

Forgot Password?

Don't you have a TheFXApp account? With a few easy steps you can easily register to TheFXApp

Create a TheFXApp's Account

Your TheFXApp account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

register_ty

Thank you!

Welcome to TheFXApp family!

You have succesfully completed the registration.
We will send you an e-mail to give you some
instructions and our Terms and Conditions!
Our account representatives will be contacting you as
soon as possible. If you have any further questions
please do not hesitate to mail us via info@thefxapp.com