Month Lows On Downbeat US Data Before Rallying After Hawkish Fed Statement
The New Zealand dollar has been under pressure in the recent weeks despite certain impressive domestic economic data. The New Zealand dollar traded to a new year-to-date low below 0.6850 against the U.S. dollar. The first quarter releases of the labor market data and inflation have considerably outperformed economists’ expectations. The dollar strengthened against the pound and euro but weakened against the yen on Thursday as economic data offered signs that the labor market is holding steady and inflation is picking up in the U.S.
The dollar loses ground against the yen on Tuesday, extending its year-to-date decline as investors fret over a range of geopolitical worries.
US dollar news for 15/05/2017
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