Treasury Move and Weaker Dollar
Societe Generale's chief FX strategist Kit Juckes characterizes the US Treasury's increased purchases of long-dated bonds as market management rather than direct intervention. He suggests this policy move will likely contribute to a weaker US dollar in foreign exchange markets.
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Treasury Move Just Another Way to a Weaker Dollar, Says SocGen’s Juckes
Societe Generale's chief FX strategist Kit Juckes characterizes the US Treasury's increased purchases of long-dated bonds as market management rather than direct intervention. He suggests this policy move will likely contribute to a weaker US dollar in foreign exchange markets.
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