US Dollar Analysis & News
- Stocks Soar on Fed Liquidity Pump
- Federal Reserve to Provide $1.5trillion Worth of USD Liquidity
- USD Pulls Back from Intra-day Highs
Global Stocks Soar as Federal Reserve Unleashes Huge Liquidity Pump
The New York Fed have announced that it will provide $1.5 Trillion worth of dollar liquidity, which will take shape via a $500bln 3-month repo operation today and tomorrow, alongside a $500bln 1-month operation tomorrow. Alongside this, between March 13 and April 13, 2020, the Fed will conduct purchases across a range of maturities to roughly match the maturity composition of Treasury securities outstanding. In reaction, the US Dollar has pulled back with US equities bouncing off intra-day lows. Questions however will remain as to whether this will ease concerns over the continued spread of coronavirus.
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