Arab News Headlines

Dollar Steady as Fed Urges Patience

The dollar was steady against a handful of peers on Wednesday as investors assessed calls for patience from Federal Reserve officials and awaited Fed meeting minutes for more insight on the central bank’s rate path.

The kiwi alone stood out against the calm, leaping after the Reserve Bank of New Zealand lifted its forecasts for peak interest rates at its latest monetary policy meeting.

The dollar index was mostly flat against a basket of currencies at 104.65, after popping up briefly to 104.76 overnight.

The New Zealand dollar jumped as high as $0.6152 in response, its highest since March 14. It was last up 0.4% versus the greenback at $0.6117.

Elsewhere, sterling was last little changed at $1.2709. The euro was steady at $1.0853. Against the yen, the dollar edged up 0.1% to 156.35.

Source: Qatar News Agency