Investing.com-- Most Asian currencies rose on Wednesday as less hawkish signals from Federal Reserve officials ramped up hopes for an early interest rate cut in 2024, which put the dollar near four-month lows.
Investing.com-- The Reserve Bank of New Zealand kept interest rates steady on Wednesday as expected, with the bank stating that inflation still remained too high and that it could potentially hike interest rates further to quell price pressures.
The U.S. dollar edged higher in early European trade Tuesday, while the yen slumped after the Bank of Japan maintained its ultra-dovish stance. The Bank of Japan was the first of this week’s major central banks to hold its policy-setting meeting earlier Tuesday, and it decided to keep interest rates negative, while only making minimal changes to its yield curve control policy. Weak economic data also weighed on the yen, after readings on both industrial production and retail sales disappointed for September.