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Former RBNZ governor Graeme Wheeler has co-authored a report which roundly criticises the Reserve Bank and central banks around the world for decisions during the pandemic.
Reuters
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Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo
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Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
TOKYO, June 29 (Reuters) - The dollar hovered below a two-month high versus major counterparts on Tuesday, with traders largely sidelined ahead of a closely watched U.S. jobs report, which could sway the timing of an exit from Federal Reserve stimulus.
The dollar index , which tracks the greenback against a basket of six major currencies, was at 91.884 early in the Asian session after retreating from as high as 92.408 on June 18, in the week the Federal Open Market Committee shocked markets by predicting two interest rate hikes by end-2023.
Dollar bides time below two-month highs before payrolls test
06/29/2021 1:38
TOKYO (Reuters) - The dollar hovered below a two-month high versus major counterparts on Tuesday, with traders largely sidelined ahead of a closely watched U.S. jobs report, which could sway the timing of an exit from Federal Reserve stimulus.
The dollar index, which tracks the greenback against a basket of six major currencies, was at 91.884 early in the Asian session after retreating from as high as 92.408 on June 18, in the week the Federal Open Market Committee shocked markets by predicting two interest rate hikes by end-2023.
The Fed commentary since then has put the focus on the data to determine when a tapering of asset purchases and higher rates are appropriate, with Chair Jerome Powell saying a weak ago that policymakers won t act on just the fear of inflation, and will encourage a broad and inclusive job market recovery.