U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoSINGAPORE, Nov 7 - to raise rates by 25 basis points, snapping four months of on hold policy decisions. Markets on the other hand less sure, pricing in a 63% chance of a hike.
The Aussie and the New Zealand dollar have rallied over the past few days after a benign U.S. jobs report led markets to price in rate cuts by the middle of next year, lifting risk appetite. The kiwi was off 0.15% at $0.59545. "But I think it's still too early to say the latest easing in the dollar will be sustained. Just given that the FOMC is still unclear whether or not they wanted to hike rates further."
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