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Dollar rises,WSJ says Fed eyes gradual bond buying
The dollar edged higher against the yen and euro on Wednesday after the Wall Street Journal said the Federal Reserve was likely to unveil plans for gradual Treasury purchases at its policy meeting next week. The newspaper said the Fed is likely to reveal a programme of U.S. Treasury bond purchases worth several hundred billion dollars over several months. [ID:nTOE69Q02H] What the report called a "measured approach" compares with investors' base-case scenario for an initial commitment to buy at least $500 billion in Treasury debt. In a Reuters survey earlier this month, U.S. primary dealers' projections for the size ... (full story)