FOMC Votes To Expand FX Limits Angell, Hoskins And Laware Dissent

REGULATIONS

Despite concerns that increased foreign exchange holdings might lead to sizable losses if the dollar were to strengthen substantially, the Federal Open Market Committee voted to expand the allowable amount of open foreign currency positions held in the System Open Market Account by $4 billion to $25 billion, according to the minutes from its March 27 meeting.

The FOMC also voted to expand the amount of eligible foreign currencies that the System was prepared to "warehouse" for the Treasury

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: