ChinaDollar bounces as Fed minutes revive tapering jitters
Hideyuki Sano
4 minute read
The dollar bounced off three-month lows against European currencies on Thursday after minutes from the Federal Reserve's last policy meeting revealed there was more talk of tapering its bond purchases than investors had expected.
In the Fed minutes, several policymakers said that a discussion about reducing the pace of asset purchases would be appropriate "at some point" if the U.S. economic recovery continues to gain momentum. read more
That surprised investors, given Fed Chair Jerome Powell had said right after that meeting last month that it is not time yet to begin discussing any change in policy. read more