The NZD/USD pair loses ground near 0.5815 during the early Asian session on Thursday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) after the Reserve Bank of New Zealand (RBNZ) delivered a rate cut and left the door open for further moves lower.
The Japanese Yen (JPY) is up a modest 0.2% vs. the USD and outperforming all of its G10 peers with the exception of NOK, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/CAD continues to gain ground for the second successive day, trading around 1.3870 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains ground ahead of the US Federal Reserve’s (Fed) Minutes for the July meeting.