Yahoo Finance Aussie, Kiwi Hold Steady Vs. Weaker Greenback
Investing.com - The Australian and New Zealand dollars held steady against their U.S. counterpart on Thursday, as the greenback mildly recovered from losses posted after the release of the minutes of the Federal Reserve's latest policy meeting.
Trade volumes were expected to remain thin with U.S. markets closed on Thursday for the Thanksgiving holiday.
AUD/USD was little changed at 0.7623.
The greenback initially weakened after the minutes of the Fed's most recent meeting showed that some policymakers remain concerned over persistently low inflation.
The report also showed that the Fed expects to raise interest rates in the "near term", adding to expectations for a December rate hike.
However, the central bank added that economic data will determine the timing of future rate hikes, which could mean a slower pace than expected for 2018.
NZD/USD held steady at 0.6880.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was almost unchanged at 93.13 by 02:10 a.m. ET (06:10 GMT), just off a one-month low of 93.08 hit overnight.
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