The U.S. dollar maintained a bid tone early in Asia on Wednesday after an upbeat U.S. report kept alive some expectations the Federal Reserve might scale back stimulus as soon as next month, while strong domestic jobs data lifted the New Zealand dollar.
In contrast, ongoing speculation the European Central Bank (ECB) could cut interest rates at Thursday’s policy meeting, or at least sound dovish, kept the common currency under pressure.
The dollar index last traded at 80.709, having climbed 0.2 percent on Tuesday to be back within striking distance of a near two-month peak of 80.930 set on Monday.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015