US Dollar Anchor Price Recovers After Federal Reserve Emergency Plan Announcement
It is reported that in the early morning of March 13, Beijing time, after the Federal Reserve announced the new emergency bank regular financing plan and suppor
It is reported that in the early morning of March 13, Beijing time, after the Federal Reserve announced the new emergency bank regular financing plan and supported the Silicon Valley bank depositors to use funds on Monday, local time, the US dollar anchor price rebounded, and the US dollar anchor has been basically restored. According to the data of coingecko, the current trading price of the US dollar is US $0.991933, up 2.7% in the past 24 hours, and its market value has returned to above US $40 billion, At the time of writing, this article reached US $40427940918. （cryptoglobe）
The market value of USDC returned to above $40 billion
Analysis based on this information:
The message reports that after the Federal Reserve announced the new emergency bank regular financing plan and supported the Silicon Valley bank depositors to use funds on Monday, the US dollar anchor price rebounded, and the US dollar anchor has been basically restored. This indicates that the measures taken by the Federal Reserve have boosted the market confidence in the US dollar, as well as stabilized its value after a period of decline.
The Federal Reserve’s emergency bank regular financing plan aims to provide financial support to banks amid the ongoing COVID-19 pandemic, which has disrupted economic activities and caused financial uncertainties. This plan can be seen as a part of the larger efforts of the US government to stabilize the economy and reduce the adverse effects of the pandemic on businesses and individuals.
Furthermore, the announcement of the plan has also supported Silicon Valley bank depositors to use funds on Monday, indicating that the Federal Reserve is committed to maintaining the liquidity of the banking system and ensuring that the financial system is stable amid the pandemic.
The recovery of the US dollar anchor price and market value after the announcement of the plan can be seen as the market’s response to the measures taken by the Federal Reserve. With the US dollar anchor price back to its previous level, market confidence in the US dollar has returned, and businesses and individuals can continue to conduct transactions and investments with a stable currency.
In conclusion, the Federal Reserve’s emergency bank regular financing plan has had a positive impact on the US dollar anchor price and market value. The plan has boosted market confidence in the US dollar and stabilized its value after a period of decline. This shows the commitment of the Federal Reserve to maintaining the stability of the financial system amid the challenges posed by the pandemic.
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