Aussie, kiwi move lower before central bank statements
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.