Forex Trading Live Update, Wednesday 20th June

by Joe Oliver, Forex Trading-Pips

The US dollar briefly spiked higher on Wednesday following news that the Fed will expand its Operation Twist program to extend the maturities of assets on its balance sheet. “I wouldn’t accept the proposition the Fed has no more ammunition,” Mr. Bernanke said, adding “if we don’t see continued improvement in the labor market we’ll be prepared to take additional steps.” The yield on the 10-year Treasury note rose to 1.65 percent from 1.62 percent following Bernanke’s comments.