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Dollar falls on surprise droDollar weakens after Treasury boosts long-dated bond repurchasesp in US retail sales
NEW YORK, Aug 19 (Reuters) - The dollar weakened against major currencies on Wednesday after the U.S. Treasury Department announced it plans to double liquidity support buyback operations for longer-dated bonds.
The announcement suggests an expansionary monetary policy and the availability of more dollars in the market, which is causing the U.S. currency to depreciate, said Juan Perez, director of trading at Monex USA.
"It makes sense for the dollar to depreciate since this is on top of other themes that have been negative for the dollar including a Federal Reserve that is not going to be communicative and no progress on the Middle East tensions," Perez said.