What does Fed tapering mean for the forex market?




Hard Currency show

Summary: Will the US dollar continue to gain against other currencies after the US Federal Reserve said it plans to buy fewer bonds later this year? Plus, what's in store for the floundering Australian and New Zealand dollars, and why is sterling holding up well in the current market turmoil? Alice Ross, currencies correspondent, talks to Marc Chandler, global head of currency strategy at Brown Brothers Harriman.