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On Wednesday, the evergreen buck soared because market participants waited for the outcome of the Fed’s policy gathering for further clues about future tightening. Meanwhile, the beleaguered New Zealand dollar recovered following upbeat jobs data.
Tracking the greenback’s value against a basket of six main counterparts, the US dollar index gained 0.1% trading at 94.680.
In Asia, the New Zealand dollar rallied 0.9% being worth $0.6906 having hit a one-week maximum of $0.6915, spurred by data disclosing that the country's jobless rate went down more than anticipated to a nine-year minimum of 4.6%.
The New Zealand dollar had been pressured for recent weeks on worries of the new Labour-led coalition government's left-leaning policies, in particular a clamp down on migration and foreign investment.
The Fed is generally believed to leave interest rates on hold on Wednesday. Additionally, market participants will be closely watching any fresh indications that the major US bank will resume lifting rates next month as anticipated. Traders also require the timing of any moves next year.
On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
Will we finally see any price action for Bitcoin?
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Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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