NY Fed: Treasury purchases next week will be lowered to $25 billion

Eren Sengezer FXStreet

The Federal Reserve Bank of New York announced on Friday that it will purchase approximately $5 billion in Treasury securities every day next week.

With this decision, the total amount of weekly purchases will be lowered to $25 billion from $30 billion this week.

Market reaction

This announcement had little to no impact on the USD's performance against its major rivals. As of writing, the US Dollar Index was up 0.42% on a daily basis at 99.84. Despite Friday's recovery, the index remains on track to finish the week around 0.5% lower.

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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