Aussie drops as greenback gains on Fed views
On Wednesday, the Australian dollar edged down during Asia trade as market participants noted higher prospects for an American Fed rate lift this year as Australia figures on wage prices kicked in largely as expected as well as Moody's affirmed the sovereign rating.
In Australia, the wage price index for the second quarter ascended 0.5% quarter-on-quarter as expected and at a 2.1% tempo year-on-year, a bit above the 2.1% profit observed.
The currency pair AUD/USD was worth 0.7682, down 0.17%.
Elsewhere USD/JPY traded at 100.56, soaring 0.26%.
Earlier, the New Zealand dollar earned after New Zealand, second quarter employment leapt 2.4%, compared with a 0.6% revenue observed quarter-on-quarter for an unemployment rate of about 5.1%, easily beating the expected 5.3% tempo and well down from 5.7%. Producer prices grew 0.9% quarter-on-quarter for input, which is faster than the 0.5% profit observed.
The currency pair NZD/USD traded at 0.7271, tumbling 0.19%.