After the long awaited announcement of the FOMC to confirm the movement of the foreign exchanging market, the fed announced that they will continue to use its existing money policy as the economy is still recovering and showing signs of improvements. And will maintain the reinvesting payments from its securities holdings and the purchases of $600 billion of longer-term Treasury securities by June.
This caused extreme movements to the foreign exchanging market. Triggering green lights to the bull market, which benefits from the weak dollar. Results can be seen as currency pair such as the EU/USD and GBP/USD continues to break new high after the long easter holiday.
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