Dollar Falls as US Treasury Doubles Bond Buyback Operations

The US dollar has fallen against major currencies following an announcement from the U.S. Treasury Department to double liquidity support buyback operations for longer-dated bonds.

This move is seen as an expansionary monetary policy, making more dollars available in the market and causing the dollar to depreciate.

According to Juan Perez, director of trading at Monex USA, this decision makes sense given other negative factors affecting the dollar, including a Federal Reserve that is not communicative and no progress on Middle East tensions.