Dollar bounces after Fed minutes revives tapering discussion
- 3 years ago
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 their bond purchase than investors had thought.
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 economic recovery continue to gain momentum.
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.
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