Dollar Drops on Fed Quantitative Easing Discussions
After December’s Fed meeting minutes went public today, the U.S. dollar declined versus multiple currencies, as policy makers discussed extending economic stimulus to revive the economy if necessary, impacting negatively the greenback’s outlook.
The content of a Federal Reserve meeting held in December and published surprised traders and analysts as extending asset purchase programs were among the topics, according to policy makers, if the economy weakens. The U.S. dollar declined versus the euro and most of the main traded currencies as much of its strength has been backed by speculations suggesting the opposite, lifting stimulus and raising interest rates and the economy surges.
EUR/USD traded at 1.4412 as of 21:06 GMT from as long as 1.4280 earlier today.
If you have any questions, comments or opinions regarding the US Dollar, feel free to post them using the commentary form below.
Tags
Categories
Earlier News About the US Dollar:
- Weak Dollar Start in 2010 on Equities Rally (2010-01-04)
- Dollar Gains on Jobless Claims Decline (2009-12-31)
- Dollar Falls on Corrective Speculations (2009-12-31)
- Dollar Climbs Before Year End on Business Activity (2009-12-30)
- Dollar Drops on Risk Fueled Session (2009-12-29)

