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CCY - CCY Delayed price. Currency in USD
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0.6162-0.0009 (-0.1417%)
As of 12:39AM BST. Market open.
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Previous close0.6171
Day's range0.6162 - 0.6171
52-week range0.5774 - 0.6655

    Dollar steady ahead of Fed minutes, sterling gains on CPI release

    The U.S. dollar traded calmly Wednesday ahead of the release of the minutes from the last Federal Reserve meeting, while sterling gained as inflation fell by less than expected in April. The dollar is struggling to move in any meaningful fashion as traders await the release of the minutes from the last Fed meeting, searching for more cues on the likely path of U.S. interest rates towards the end of the year. Last week’s soft-than-expected consumer inflation data raised hopes of rate cuts in a reasonably short time, but a series of Fed officials have continued to call for policy caution.


    Asia FX subdued as Fed minutes approach; NZD surges on hawkish RBNZ 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.


    RBNZ keeps interest rates steady, sees delayed cuts amid sticky inflation The Reserve Bank of New Zealand kept interest rates steady as expected on Wednesday, but flagged a potential delay in interest rate cuts due to headwinds from sticky inflation.