Dollar struggles on weak data; Kiwi surges on RBNZ surprise
interest by 50 basis points to a more than 14-year high of 5.25% on Wednesday in a move that surprised markets as 22 of 24 economists in a Reuters poll had forecast just a 25 bps hike.
The dollar index , which measures the currency against six peers, eased to a fresh two-month low of 101.43, after dropping 0.5% overnight. It was last at 101.53. "Focus will turn to Friday's key employment report, where the consensus is picking a further moderation in non-farm payrolls growth to 240K."
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