Reported about 6 hours ago
The U.S. dollar rose slightly from its lowest level in nearly a week as traders anticipate two more interest rate cuts this year, despite Federal Reserve Chair Jerome Powell's cautious remarks on continued easing. Australia's dollar strengthened following higher consumer inflation data, while New Zealand's dollar remained stable after the appointment of a new central bank governor. Overall, market expectations for rate cuts are moderated amidst ongoing concerns about inflation and job market stability.
Source: YAHOO