---
title: Measuring the Effects of US Unconventional Monetary Policy Surprises on Exchange Rates across Monetary Conditions
url: https://www.ml-quant.com/papers/repec/dpr-wpaper-1276r/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-02
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:dpr:wpaper:1276r
source_url: https://econpapers.repec.org/RePEc:dpr:wpaper:1276r
featured: 2026-10-02
citations: unknown
topic: Macro-Finance & Rates
---


# Measuring the Effects of US Unconventional Monetary Policy Surprises on Exchange Rates across Monetary Conditions

The research shows that both large-scale asset purchases and forward guidance appreciate foreign currencies against the dollar, with guidance having larger effects, especially during zero lower bound periods.

- Source: https://econpapers.repec.org/RePEc:dpr:wpaper:1276r
- Identifier: RePEc:dpr:wpaper:1276r
- Released: 2026-09-21
- First featured: Quant Letter No. 133 (2026-10-02): https://www.ml-quant.com/issues/2026-10-02/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Macro-Finance & Rates
- Authors: Arisa Chantaraboontha

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