Dollar holds near five-day low; kiwi dollar picks up after hawkish comments
The dollar was steady on Tuesday, holding near the previous session’s five-day low, as markets appeared less concerned by the spread of the Delta variant, while the New Zealand dollar picked up after hawkish comments from the central bank.
Risk appetite in global markets was up, after the U.S. Food and Drug Administration granted full approval to the COVID-19 vaccine developed by Pfizer and BioNTech, a move that could accelerate inoculations in the United States.
At 0730 GMT, the dollar was flat on the day at 93.004 versus a basket of currencies. It hit a five-day low of 92.947 on Monday and had its largest one-day drop since May.
Versus the yen, the dollar was up 0.1% with the pair changing hands 109.805 yen per dollar.
The euro was down around 0.1% against the dollar, at $1.1738.
Market attention is focused on the Jackson Hole conference on Friday, at which some investors expect the U.S. Federal Reserve Chair Jerome Powell to give hints about the possible timeline for tapering monetary stimulus.
Reference: Reuters
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