US DOLLAR

Dollar Steadies Amid Fed Pause Hint, Debt Deal

A gauge of the dollar was range-bound, sandwiched by the passage of US debt-ceiling deal through the House and signals from Federal Reserve officials that they plan to keep interest rates steady in June. 

The Bloomberg Dollar Spot Index was little changed at 1,245.94, hovering near its highest point since mid-March, which was reached on Wednesday.

Lawmakers from both parties joined to approve the US debt-limit bill 314-117 Wednesday, sending the measure to the Senate for consideration as a default deadline draws near.

New Zealand dollar underperformed among major currencies, falling for a third day and down 0.2% to 0.6012, while Aussie gained 0.2% to 0.6513.

USD/JPY was set to snap a three-day loss, trading little changed at 139.42 versus 139.34 late Wednesday.

Source: Bloomberg

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