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The Fed Maintained A Looser Measure Of &Nbsp; The US Dollar Fell 0.25% On Wednesday.

2011/1/27 8:59:00 45

US Federal Reserve Purchases US Dollar Exchange Rate

Wednesday morning, Beijing time, on Wednesday.

Federal Reserve

In the first regular meeting of 2011, the policy-makers agreed to maintain the benchmark interest rate near zero. At the same time, he said that considering the economic growth and inflation rate remained at the "disappointing low level", the US $600 billion would continue.

Treasury bond purchase

Plan.

US dollar exchange rate

After a slight fluctuation, it continued to fall.


Before the announcement, a focus for market analysts is whether members of the policy will vote against the resolution and hope to start tightening monetary policy, which is considered a more favorable signal for the US dollar exchange rate.

At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 77.81 points, or 0.25%.


The euro rose to 0.01% against the US dollar at $1.3683, and the euro was 1.3677 dollars against the dollar before the announcement of the Fed's statement.

The US dollar against Japanese yen reported 82.49 yen on Wednesday, up 0.34%.


In a statement on Wednesday, the Fed said that although commodity prices were rising, the current inflation rate remained low. Although the economy is continuing to recover, its degree is still "insufficient to bring about a significant improvement in the employment market situation".

Analysts stressed that the emphasis on the job market situation is a new element.

The continuation of the Treasury bond procurement project coupled with a change in the employment market situation has caused a rapid downward pressure on the US dollar.

Meanwhile, the benchmark 10 - year treasury bond yields narrowed after the announcement of the Fed statement.


In other currencies, the pound traded against the US dollar at 1.5880 US dollars, up 0.40%.

The Bank of England released the minutes of its last meeting on interest rate decisions on Wednesday, indicating that there are still three different camps in the decision-making committee's direction towards monetary policy.


The Australian dollar closed at 99.60 cents on Wednesday, down 0.01%.

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