Forex – Aussie, Kiwi Hold Steady Vs. Stronger Greenback

Aussie and kiwi little changed vs. greenback in late trade – The Australian and New Zealand dollars held steady against their U.S. counterpart on Wednesday, as expectations for a number of U.S. rate hikes this year continued to lend support to the greenback.

was little changed at 0.7819.

The greenback remained after San Francisco Fed President John Williams said on Saturday that the Fed should raise interest rates given that economy will benefit from tax cuts.

The comments came a day after Cleveland Fed President Loretta Mester said she expects about this year, thanks to solid U.S. economic growth and low unemployment.

held steady at 0.7167.

Market participants were also eyeing the release of due on Friday, for clues on the potential pace of rate hikes by the Federal Reserve.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 92.23 by 02:00 a.m. ET (06:00 GMT), just off Tuesday’s one-week high of 92.36.

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