New Zealand Dollar steadies against US Dollar as markets await Fed decision
NZD/USD trades around 0.5755 at the time of writing on Wednesday, virtually unchanged on the day after rebounding from an over two-month low at 0.5737.
The New Zealand Dollar (NZD) steadied against the US Dollar (USD) on Wednesday, trading around 0.5755 without a clear trend as investors waited for the Federal Reserve's decision. The USD also paused after nearing a two-week high. Analysts expect the Fed to raise interest rates by 25 basis points, bringing the target range to 3.75%-4%.
Attention was drawn to the departure of Reserve Bank of New Zealand (RBNZ) Assistant Governor Karen Silk, who was seen as a hawkish voice on monetary policy. Her exit could affect the central bank's future decisions as investors anticipate further interest rate hikes.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Australian Dollar holds ground as Fed decision looms fxstreet.com
