Dollar steadies ahead of Fed minutes

2019-10-09 21:01:55 GMT (Economies.com)
Dollar steadies ahead of Fed minutes

The US dollar stabilized against a basket of major currencies today amid the wide anticipation of the US Federal Reserve meeting minutes.

 

Fed's Chairman Jerome Powell said yesterday the bank will announce soon short-term treasury bills purchases from banks and hedge funds to increase their reserves and to ease liquidity restrictions.

 

Powell stressed that these measures shouldn’t be confused with the quantitative easing as claimed by some in the markets, as the Fed is expanding its balance sheet to end any funding gap.

 

The Fed meeting minutes will be released shortly today, while experts are eager to gain insight on the Fed's last meeting, which resulted in the second US rate cut since the 2008 global financial crisis.

 

As of 17:28 GMT, the dollar index held at 99.1 points, with a session-high of 99.1 and a low of 98.9 points.

 
 
 
  Symbol Last Change Chg.%
1.1162
-0.0004
0.0354%
1.2981
0.0029
0.2212%
17.728
0.183
1.044%
53.405
-0.302
0.563%
58.80
-0.63
1.06%
1491.475
1.320
0.089%
 
 
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