Kiwi climbs past hot US inflation as Fed hike doubts hit dollar
NZD/USD rose 0.55% to 0.5652, supported by dollar weakness as markets questioned an October Fed hike despite strong US inflation.
NZDUSD
The New Zealand dollar ended the week firmer against the US dollar, gaining 0.55% to 0.5652. The move came as the greenback weakened, with investors skeptical that the Federal Reserve will raise rates in October even after hot US inflation data.
That positioning weighed on the dollar and helped the kiwi cap the week on a higher note.
Source: FXStreet Forex News