US dollar reverses declines after Powell outlines timeline for taper | EdgeTradings

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US dollar reverses declines after Powell outlines timeline for taper


Key line from Powell The reversal in the dollar came after Powell said no decisions on the taper had been taken but added this: "A gradual tapering process that concludes around the middle of next year is likely to be appropriate" That would imply a $20B taper beginning around December. It's the strongest guidance received so far and

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