The US dollar was flat against major currencies on Wednesday ahead of the Federal Reserve’s interest rate decision, while the New Zealand dollar fell sharply after the country’s central bank surprisingly left interest rates unchanged. Traders expect the Fed to leave monetary policy unchanged but they see a 78% chance that the US central bank could lift interest rates by at least 25 basis points in December, according to the CME Group’s FedWatch. The euro was flat against the dollar at...
The peso slid nearly 10% against the dollar since early September to hit a one-year low, driven by a narrowing rate gap between Mexico and the U.S. The post Peso hits…
The Federal Reserve held interest rates steady Wednesday, even as inflation data has been worsening – but the central bank is largely expected to issue a quarter-point…
The Fed held rates steady as expected, buying time for more data. Yet, many still expect a rate hike in December.
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