Forex – Aussie, kiwi move lower vs. greenback in late trade: INV

The U.S. dollar remained supported by hawkish remarks made by New York Fed president William Dudley, who reinforced expectations for the Fed to keep raising interest rates.

However, Chicago Fed president Charles Evans did deliver a more dovish outlook after the market close on Monday, suggesting that it may be worthwhile for the U.S. central bank to wait until year-end to decide whether to raise rates again.

NZD/USD slipped 0.18% to trade at 0.7228.

On Thursday, the RBNZ was expected to leave interest rates unchanged at 1.75%. Market participants were especially eyeing comments by RBNZ Governor Graeme Wheeler for any hints on the central bank’s future policy moves

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 97.39.

Jun 21, 2017 02:25AM ET


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