The Fed Again Introduced Quantitative Easing Measures &Nbsp; The US Dollar Fell Again On Wednesday.

Beijing time on the morning of November 4th,

The Federal Reserve said on Wednesday that as part of the quantitative easing measures to stimulate economic growth, it will increase purchases of up to US $600 billion in long-term treasury bonds, and procurement projects will continue until the end of June 2011.

The purchase volume in November will reach US $75 billion.

Mark Chandler, global head of Brown Brothers Harriman Ltd's monetary strategy, pointed out: "the Fed's statement and actions and market expectations are basically the same.

Although it is not a reversal, the stability of the dollar earlier today is really gone. "

He pointed out in an e-mail commentary that "the focus of the Federal Reserve's attention is the trend of inflation, which is also a part of investors' attention."

Before the announcement of the Fed's statement on Wednesday, the US dollar remained stable or even slightly higher.

The main driving force came from a number of good macroeconomic data and Irish debt default on the same day.

At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 76.42 points, or 0.39%.

The index remained at 76.735 levels before the Fed's report.

The euro rose to 0.53% against the US dollar at 1.4104, and the exchange rate before the report was $1.4099.

The Fed's expectation of stimulating economic growth through the new supernormal monetary measures has been pressing the US dollar for two months.

Bernanke, the chairman of the Federal Reserve, made the first remarks at the end of August, suggesting the possibility of a new round of quantitative easing measures, when the euro was 1.28 dollars against the US dollar.

Sterling fell to $1.6110 against the US dollar, or 0.49%, while the US dollar to Japanese yen was 81.29 yen, or 0.77%.

The Australian dollar closed at $1.002 on Wednesday, or 0.16%.

The results of the US mid-term elections were announced on Wednesday, and the Republican Party succeeded in gaining control of the house of Representatives, while the Democratic Party maintained the majority of the Senate.

At present, this result has not yet had a direct impact on the foreign exchange market.