Operation Twist Not Enough To Calm Markets

Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD JPY -0.51 CHF -1.14 GBP -1.18 EUR -1.40 The much anticipated FOMC meeting last night turned out to be a rather underwhelming event for investors, as the official unveiling of Operation Twist failed to inspire. The Fed revealed their intention to buy $400bn of long term debt, funding the strategy by simultaneously selling $400bn in short-term securities; however investors were clearly positioned for something more dramatic, and in turn… Read More …