Dollar Hit Following Fed Announcement (FXE)
Tweet
Share
E-mail
Currency traders are reacting to today’s announcement by the Fed for additional quantitative easing. The Fed announced today they are planning additional assets purchased totally $40B per month, targeting mortgage backed securities.
The reaction in currency markets was extremely volatile immediately following the release. As the smoke clears, the dollar is trading lower against the Euro (EUR/USD) and the dollar index declined.
CurrencyShares Euro Trust (NYSE: FXE) is the related ETF.
The reaction in currency markets was extremely volatile immediately following the release. As the smoke clears, the dollar is trading lower against the Euro (EUR/USD) and the dollar index declined.
CurrencyShares Euro Trust (NYSE: FXE) is the related ETF.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fed Holds Rates at 3.50% to 3.75%
- US Banks Said To Be Asked By NY Fed To Check EUR/JPY Rate - Bloomberg
- Natural Gas Inventory 28 bcf vs 36 bcf Expected
Create E-mail Alert Related Categories
ForexSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
