FX & CFD trading involves significant risk
Euro fluctuates against the dollar after the announcement of the results of a two-day meeting of the Committee to work on the open market, the U.S. Federal Reserve. Today the Fed decided to keep rates within the range of 0-0.25%, but the operation was extended twist - an operation aimed at lowering long-term interest rates by selling short-term bonds. Launched in September 2011, Operation Twist was to end in late June, but the FOMC today announced its extension until the end of the year (or approximately $ 267 billion). Many experts expect more such solutions, rather than introducing QE3. The Fed reiterated that it "is ready to take further action if it is necessary to continue to support the growth of the economy and the labor market in the context of price stability."
After the initial growth of the dollar again came under downward pressure against the backdrop of recovery of stock markets. Currency also declined against its major competitors. Volatility also contributed to the strengthening of the statement by German Chancellor Angela Merkel that the question of bond purchases Stabilization Fund may be discussed. These words helped the euro to update daily lows against the dollar.
The yen resumed its decline against the euro and the dollar after a brief recovery at the Fed decision. The yen fell sharply on Wednesday on reports that Japanese lawmakers are close to reaching an agreement on tax measures aimed at lowering the national currency.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.