Assets Purchases
The dollar fell after the Federal Reserve said it will buy an additional $600 billion of Treasuries to boost the U.S. economy.
The pound advanced after the Bank of England refrained from adding to its asset purchases.
Interest Rates
The Fed has kept U.S. interest rates near zero since December 2008 to try to stimulate growth following the worst recession since the Depression.
The Bank of England kept its main interest rate at a record low of 0.5 percent and maintained the size of its bond stimulus plan at 200 billion pounds, as forecast by economists in Bloomberg News surveys.
The ECB will leave its refinancing rate at 1 percent today, according to all 55 economists in a Bloomberg News survey.
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Friday, November 05, 2010
Dollar Weakens with Fed Purchases
Assets Purchases
The dollar fell after the Federal Reserve said it will buy an additional $600 billion of Treasuries to boost the U.S. economy.
The pound advanced after the Bank of England refrained from adding to its asset purchases.
Interest Rates
The Fed has kept U.S. interest rates near zero since December 2008 to try to stimulate growth following the worst recession since the Depression.
The Bank of England kept its main interest rate at a record low of 0.5 percent and maintained the size of its bond stimulus plan at 200 billion pounds, as forecast by economists in Bloomberg News surveys.
The ECB will leave its refinancing rate at 1 percent today, according to all 55 economists in a Bloomberg News survey.
The dollar fell after the Federal Reserve said it will buy an additional $600 billion of Treasuries to boost the U.S. economy.
The pound advanced after the Bank of England refrained from adding to its asset purchases.
Interest Rates
The Fed has kept U.S. interest rates near zero since December 2008 to try to stimulate growth following the worst recession since the Depression.
The Bank of England kept its main interest rate at a record low of 0.5 percent and maintained the size of its bond stimulus plan at 200 billion pounds, as forecast by economists in Bloomberg News surveys.
The ECB will leave its refinancing rate at 1 percent today, according to all 55 economists in a Bloomberg News survey.
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