New Zealand Dollar Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rose +0.094 (+0.10%). EUR/USD (^EURUSD) fell -0.0022 (-0.19%). USD/JPY (^USDJPY) rose +0.60 (+0.55%). The dollar index on Wednesday recovered from early losses and rallied to a 1-month high. The dollar found support on Wednesday’s post-FOMC statement along with comments from Fed Chair Powell, who clarified the timing of Fed tapering.
EUR/USD (^EURUSD) on Wednesday posted moderate losses. EUR/USD dropped to a 1-month low Wednesday on dollar strength and a hawkish Fed, with the Fed expected to taper QE well before the ECB.
USD/JPY (^USDJPY) on Wednesday recovered from a 1-week low and posted moderate gains. The yen weakened Wednesday on comments from BOJ Governor Kuroda, who said that Japan's economy remains in a severe situation and is not at a stage where the BOJ can end its ETF purchase program.
Wednesday’s FOMC meeting was supportive of the dollar. The Fed is its post-FOMC statement said that "the economy and emplo... Read more