U.S. Dollar Falls to Multi-Month Lows as Fed Signals No Hikes Through 2022
U.S. Dollar Falls to Multi-Month Lows as Fed Signals No Hikes Through 2022
Kathy Lien | Jun 10, 2020 05:15PM ET
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Investors drove U.S. dollars to fresh lows after the Federal Reserve made it clear that zero interest rates are here to stay, at least for the next year and a half. According to the updated dot plot of interest rate projections in June, U.S. policy-makers do not see a rate hike before the end of 2022. They also felt that continued purchases of Treasury- and mortgage-backed securities “at least at the current place” is necessary, leaving the door open to further bond purchases.
U.S. Dollar Falls to Multi-Month Lows as Fed Signals No Hikes Through 2022
Kathy Lien | Jun 10, 2020 05:15PM ET
Be the first to comment
Investors drove U.S. dollars to fresh lows after the Federal Reserve made it clear that zero interest rates are here to stay, at least for the next year and a half. According to the updated dot plot of interest rate projections in June, U.S. policy-makers do not see a rate hike before the end of 2022. They also felt that continued purchases of Treasury- and mortgage-backed securities “at least at the current place” is necessary, leaving the door open to further bond purchases.
