The ASX 200 has recovered from early losses as investors remain cautious ahead of the Federal Reserve meeting tonight, where the Fed is expected to announce...

The ASX 200 has recovered from early losses as investors remain cautious ahead of the Federal Reserve meeting tonight, where the Fed is expected to announce the start of tapering to bond purchases. The ASX 200 was down almost half of one percent to 5228 points at about 10:30am, but recovered its losses ahead of the release of the RBA minutes at 11:30am. The initial reaction to the RBA minutes has been negative, with the ASX moving back into negative territory after showing a small gain just before the release. On the other hand, the Australian dollar has jumped a quarter of a US cent to 93.35 US cents following the release of the RBA minutes.