Wednesday , 6 November 2024
Home Forex Dollar Holds Steady Pre-Fed Minutes; Kiwi Drops on Rate Cut
Forex

Dollar Holds Steady Pre-Fed Minutes; Kiwi Drops on Rate Cut

Dollar holds steady ahead of Fed minutes, kiwi drops after sharp rate cut

Full Story on PiQ Suite

The U.S. dollar remained stable ahead of the release of the Federal Reserve’s September meeting minutes, while the New Zealand dollar dropped to a near two-month low following a 50 basis-point rate cut by the Reserve Bank of New Zealand.

Investors are reassessing U.S. rate cut expectations following a strong jobs report last week, with about an 85% chance of a quarter-point reduction now priced in.

Meanwhile, the yen held steady after recent volatility, and the Australian dollar stayed near recent lows amid dovish signals from the central bank.

Thursday’s U.S. Consumer Price Index report will be crucial for sustaining the dollar’s momentum.

This article was written by Ryan Paisey at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Eurostoxx futures +0.2% in early European trading

German DAX futures +0.2%UK FTSE futures +0.5%They've turned higher now in the...

Germany September industrial orders +4.2% vs +1.5% m/m expected

Prior -5.8%; revised to -5.4%German manufacturing orders bounced back in September after...

Fox News calls Wisconsin in favour of Trump

As of the current tally, Wisconsin has counted 88% of votes with...

Chinese yuan feels the pinch with Trump set to win US presidency

The onshore yuan is sinking to its lowest since mid-August against the...