Emerging Market Currencies Fall Ahead Of Fed Minutes

Emerging market currencies have continued to lose value against the dollar amidst speculation that the Federal Reserve is going to start tapering sooner than later. While no one expects firm details to be announced in the official minutes released later today, if the Federal Reserve is optimistic about the ongoing economic recovery then tapering can’t be far off, Nicole Hong and Chiara Albanese of The Wall Street Journal report.

Federal Reserve's policy of quantitative easing

The policy of quantitative easing (QE), which kept interest rates hovering above zero, has been a boon...