ForexLive Asia FX news: Fed’s Fischer sees no taper tantrum repeat (so far)

Forex news for Asia trading Tuesday 18 April 2017
Federal Reserve Vice Chair Stanley Fischer spoke during the US evening. Perhaps most noticeably he said it appears to be less likely there will be market disturbance around the discussion of the Federal Reserve reducing the size of its balance sheet than there was in the case of the ‘taper tantrum’. Also of note during the session were the comments from US Treasury Secretary Mnuchin on the likelihood of further delays to any tax reforms in the US and also his elaboration on President Trump’s comments on the USD last week. Mnuchin’s comments hit during the US afternoon but interest in them carried on through the Asia early morning.

ForexLive Asia FX news: Fed’s Fischer sees no taper tantrum repeat (so far)

Forex news for Asia trading Tuesday 18 April 2017
Federal Reserve Vice Chair Stanley Fischer spoke during the US evening. Perhaps most noticeably he said it appears to be less likely there will be market disturbance around the discussion of the Federal Reserve reducing the size of its balance sheet than there was in the case of the ‘taper tantrum’. Also of note during the session were the comments from US Treasury Secretary Mnuchin on the likelihood of further delays to any tax reforms in the US and also his elaboration on President Trump’s comments on the USD last week. Mnuchin’s comments hit during the US afternoon but interest in them carried on through the Asia early morning.