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Implications of the FOMC's Announcement for the Dollar

Discussion in 'Fundamental Analysis' started by ActionForex.com, Mar 18, 2009.

  1. ActionForex.com

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    The Federal Open Market Committee (FOMC) announced its intention today "to purchase up to $300 billion of longer-term Treasury securities." In addition, the Fed will increase its purchases of mortgage-backed securities from $500 billion to $1.25 trillion. The FOMC's intent of its policy actions today was to reduce borrowing costs...

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