HONG KONG, Aug 17 ― Major currencies were holding steady today, ahead of another day when central bank policy takes centre stage for traders with a Reserve Bank of New Zealand...
HONG KONG, Aug 17 ― Major currencies were holding steady today, ahead of another day when central bank policy takes centre stage for traders with a Reserve Bank of New Zealand meeting and the Federal Reserve's minutes from its recent meeting both due.
“The Fed's beef with the market in recent days and weeks has been that they don't subscribe to the market's view that it will be cutting rates in 2023,” said Ray Attrill, global head of FX strategy at National Australia Bank. The euro was steady at US$1.0169 after squeezing out small gains overnight, and sterling was last fetching US$1.2106.
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