Aussie, kiwi move lower before central bank statements

Intraday Comment
21/09/2016 2:54:29 CH

The Australian and New Zealand dollars moved lower on Wednesday, as market sentiment weakened ahead of highly-anticipated monetary policy decisions by the Bank of Japan and the Federal Reserve due later in the day.

AUD/USD eased 0.08% to 0.7550.

Investors remained cautious ahead of the Fed’s monthly policy decision, expected later Wednesday, amid ongoing uncertainty over a possible rate hike.

Market participants were also looking ahead to the BoJ’s policy statement on Wednesday, amid speculation over a possible rate cut further into negative territory.

NZD/USD fell 0.26% to trade at 0.7294.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.23% at 96.22, the highest since September 1.

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