Kiwi Rises on NZ Election; Dollar Edges Lower

New Zealand’s dollar advanced after the opposition National Party won the general election. The greenback weakened against all Group-of-10 peers.  NZD/USD rose as much as 0.8% to 0.5929 after opposition leader Christopher Luxon said he will form a new government of the...

Dollar Ticks Up as Traders Wait for Fed Signal on Rate Cuts

The dollar ticked up slightly on Wednesday as traders prepared for the conclusion of a Federal Reserve policy meeting that could offer some insight into when the U.S. central bank will begin lowering interest rates. Sterling was among the weakest performers on the day, after data showed the UK...

Dollar retreats after Fed meeting, while euro shines ahead of ECB

The U.S. dollar retreated in early European trade Thursday, continuing the previous session’s selloff after the Federal Reserve signaled a pause to its year-long tightening cycle after its latest interest rate hike. At 02:55 ET (06:55 GMT), the dollar index, which tracks the greenback against a...