© Reuters.

Gina Lee

Investing.com-During the Asian morning trade on Wednesday, the U.S. dollar was lower and remained near recent lows. New Zealand’s better-than-expected employment data has raised expectations for interest rate hikes, and the US employment data to be released this week may indicate the Fed’s timetable.

As of 1:38 AM Eastern Time (5:38 AM GMT), tracking the dollar’s exchange rate against a basket of other currencies fell 0.08% to 92.017.

The currency pair rose slightly by 0.01% to 109.06, compared to 47.4 in Japan in July.

The currency pair rose 0.07% to 0.7399, and the currency pair rose 0.54% to 0.7052. In New Zealand, the quarter-on-quarter growth of 1% in the second quarter of 2021 was lower than the expected 4%.

ANZ Bank analysts told Reuters: “We have passed full employment and the economy is becoming quite overheated.” They expect the Reserve Bank of New Zealand to raise interest rates by 25 in August, October, November, February and May. Basis point. By mid-2022, the New Zealand dollar interest rate will rise from the current 0.25% to 1.5%.

The currency pair fell slightly by 0.15% to 6.4605. China’s private sector reported 54.9 in July, up from 50.3 last month.

The currency pair rose slightly by 0.09% to 1.3926.

In the United States, for July,, and will expire later in the day. Including the latest US employment report will also be released on Friday.

The data can help investors gauge the timetable for the Fed to raise interest rates and shrink assets. However, as investors question the strength and speed of the global economic recovery, the U.S. dollar has fallen more than 1% from the 15-week high reached two weeks ago.

Rodrigo, senior strategist at National Australia Bank (OTC:), said: “The overall situation of the US dollar is that the Fed’s interest rate hike expectations have fallen. We have seen the US dollar fall.” Now the focus is on the impact of employment data on interest rates. Catril told Reuters.

“We have all seen progress in the labor market, but the question is how much is good enough,” but it may take several months to reach the Fed’s growth target.

As concerns about the number of COVID-19 cases around the world remain, safe-haven currencies benefit from a weaker U.S. dollar. The yen rose about 2.5% against the dollar in a month, and after falling since the beginning of 2021, it hit its highest point since the end of May on the previous trading day.

Another focus of investors is that it will be announced on Thursday. The swap market has already priced the interest rate hike around June 2022.

“If the Bank of England communicates a more cautious outlook, then we may see a postponement of interest rate hike bets before June 2022, which will put some pressure on the pound,” Pepperstone research strategist at brokerage Luke Suddards told Reuters .

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