TOKYO : The U.S. dollar rallied in Asian trading on Thursday after the Federal Reserve signalled rate hikes later in the year, while China's and New Zealand's currencies fell on signs of weakness in those economies.The market's attention is now turning to other central bank decisions late this week, with
TOKYO : The U.S. dollar rallied in Asian trading on Thursday after the Federal Reserve signalled rate hikes later in the year, while China's and New Zealand's currencies fell on signs of weakness in those economies.
The European Central Bank announces its next rate decision on Thursday, with markets pricing in a 25 basis-point hike and another in July before a pause for the rest of the year. The euro lost 0.2 per cent to $1.08085, but against Japan's currency it surged 0.42 per cent to 152.34 yen.
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