News that the New York Fed has announced a series of 14-day repos starting on Tuesday is the latest development in a line of short-term funding issues faced across the Atlantic that have come to light this week. The proposed repos will be for at least $30B and run through October 10th. This issue can be seen as positive for the buck and the USD is gaining against nearly all its peers on the day. The EURUSD has been in a near constant state of decline since around 9AM this morning and the world’s most popular FX pair is now once more back at the round 1.10 handle.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
