Dollar awaits Fed minutes, kiwi aloft on rate expectations

  • USD steady vs EUR and JPY; Fed minutes awaited
  • Strong biz survey pulls NZ hike expectations to Nov; NZD rises
  • AUD drifts higher ahead of RBA meeting

SINGAPORE, July 6 (Reuters) – The New Zealand dollar rose on Tuesday after a strong business survey pulled forward rate hike expectations there to as soon November, while its Australian counterpart crept higher ahead of its own crucial central bank policy meeting later in the day.

The U.S. dollar and other majors were mostly steady as investors wait on the minutes from the Federal Reserve’s meeting in June when it surprised markets with a hawkish shift. They are due to be published on Wednesday.

The euro held at $1.1860, more or less where it left off Friday and the yen rose a tad to 110.86 per dollar. Sterling nudged higher after Britain set plans to end COVID-19 restrictions in a fortnight, and last bought $1.3857.

The kiwi rose as much as 0.4% to a one-week high of $0.7066, briefly breaking above its…

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