NY Fed: Treasury purchases next week will be lowered to $22.5 billion

Eren Sengezer FXStreet

The Federal Reserve Bank of New York announced on Friday that it will purchase approximately $4.5 billion in Treasury securities every day next week.

With this decision, the total amount of weekly purchases will be lowered to $22.5 billion from $25 billion this week.

Market reaction

This announcement was largely ignored by the market participants. As of writing, the US Dollar Index was down 0.1% on the day at 98.37. On the other hand, Wall Street's main indexes continue to trade mixed while waiting for US President Donald Trump's press conference on China.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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