The number of trade disputes involving the United States is growing. In addition the Fed spoke about its readiness to reduce the interest rate. These events push the U.S. dollar down, drawing the American government bonds yields too.
The single currency added 0.17 percent against the U.S. dollar to 1.12695 at 8.14 GMT, while the greenback grew by 0.08 percent to 108.22 against the Japanese yen. The British pound increased its value against the dollar by 0.10 percent to 1.2709
The dollar index slipped by 0.08 percent against the 6 main rivals to the level of 96.99 on Wednesday. By the way, this indicator lost about 1.3 percent from its value, rebounding from two-year high of 98.371 reached on May 23.
The New Zealand dollar jumped to a monthly high after Reserve Bank of New Zealand’s senior official announced that the Central Bank interest rates would remain unchanged in the near future. The Kiwi dollar is at $0.6638 on Wednesday, having grown by 0.51 percent at 8.21 GMT.
The Australian dollar is also not lagging behind and grows against the buck, adding 0.14 percent to 0.6999. The Australia's central bank on Tuesday cut interest rates for the first time in almost 3 years from 1.5 percent to a record low of 1.25 percent. According to some analysts, by mid-2020, this figure could fall to 0.5 percent.
The Loonie also climbed against the American rival by 0.11 percent to 1.3375. There should be released Labor Productivity data for the quarter.