Dollar Falls as Investors Consider Impact of Monetary Easing

Investors shied away from the US dollar sparking a 0.8 percent decrease to $1.3876 per euro at 8:38 a.m. in New York, from $1.3769 yesterday. The decline marked the end of three straight days of gains as markets considered the potential impact of the Federal Reserve buying Treasuries and other assets to increase liquidity in the financial system.

Source: Bloomberg

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.