Asia FX subdued as Fed minutes approach; NZD surges on hawkish RBNZ
Investing.com-- Most Asian currencies kept to a tight range on Wednesday as the dollar steadied in anticipation of more cues on U.S. interest rates from the minutes of the Federal Reserve’s recent meeting.
But cooling optimism over China and fears of high-for-longer U.S. interest rates kept most regional currencies moving in a tight range. Cautious overnight statements from Fed officials also kept sentiment subdued.pair surged as much as 0.9% to an over two-month high on Wednesday, after the RBNZ flagged delays in any potential interest rate cuts due to sticky inflation.steady as widely expected.
Market holidays in Singapore, Malaysia and Thailand kept tradings volumes dull across Southeast Asia.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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