Dollar extends losses after FOMC minutes

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Published: Wed, 20 May 2009 20:06:00 +0200

Dollar extends losses after FOMC minutes

FXstreet.com (Córdoba) ? Minutes after the released by the Federal Reserve of the FOMC meeting the Dollar weakened and extended losses across the board. EUR/USD broke above 1.3800 reaching the highest price since January 5. GBP/USD rocketed above 1.5700 to 1.5750 (fresh 5-month high). USD/JPY is back below 95.00 again. The minutes showed that some members wanted to increase the amount of Treasurys the FED is set to buy.

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