Atlanta Fed President Raphael Bostic said on Thursday that he expects banks to engage in bod and perhaps higher risk activity to help companies and families through the crisis, as reported by Reuters.
"The Federal Reserve is in a whatever it takes scenario, it will deploy whatever is in its arsenal," Bostic added. "One Fed aim now is to understand how relief checks, paycheck protection, other programs are working in practice."
The US Dollar Index edged slightly lower from its session highs and was last seen down 0.02% on the day at 100.15.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.