Aussie and Kiwi decrease vs. greenback in late trade

Aussie and Kiwi decrease vs. greenback in late trade

On Thursday, the Australian and New Zealand dollars dived against their American counterpart, pulling back from peaks, reached earlier when the Fed announced a highly-anticipated rate lift.

The currency pair AUD/USD dived 0.21%, trading at 0.7694, off Wednesday’s two-and-a-half week peak of 0.7722.

On Wednesday, at the end of its two-day policy gathering, the Fed lifted interest rates by 25 basis points to 1.00% from 0.75%, exactly as expected.

The US dollar dived broadly following the decision, as the major bank’s stance was considered to be less hawkish than expected, given projections of three rate lifts this year and not four as some analysts had hoped for.

The currency pair NZD/USD dived 0.55%, trading at 0.7008, having reached a more than one-week high of 0.7050 during last session.

Earlier on Thursday, Statistics New Zealand posted that the country’s GDP added 0.4% during the fourth quarter of last year, thus confounding expectations for a surge of 0.7%.

Similar

What awaits NZD in February?
What awaits NZD in February?

The Reserve Bank of New Zealand will reveal the official cash rate, monetary policy statement, make a rate statement, and after that will answer questions in a press conference on February 23, 03:00 GMT+2.

Latest news

US Dollar Index at a 3-month Low
US Dollar Index at a 3-month Low

The USD weakened after Fed Chair Powell hinted at a slowdown of rate hikes, and stocks strengthened. What else is moving the markets today?

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