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* Dollar rises after two days of falls * Euro slips from one-month high vs dollar * Kiwi cedes gains after rising as much as 0.8% vs dollar
(Updates prices, adds analyst comment, changes dateline,
previous By The minutes are due at "In particular, Chair Powell has reiterated on several occasions the Fed's guidance of implementing additional 50bp rate hikes at the June and July FOMC meetings, and we expect the May meeting minutes to provide further color about those plans," strategists from TD Securities said in a note to clients. U.S. 10-year Treasury yields, which hit 3-1/2-year highs earlier in May, have since fallen some 40 basis points . Treasury yields briefly hit six-week lows on Wednesday after data showed new orders for U.S.-made capital goods rose less than expected in April. The U.S. dollar index, which measures the greenback
against a basket of peer currencies, was up 0.491% at 102.25, at
The dollar had fallen to a one-month low on Tuesday after
European Central Bank chief Lagarde's comments implied an increase of at least 50 basis points in the deposit rate and fueled speculation of bigger hikes this summer. But while that lifted the euro to one-month highs
of ECB board member Dutch central bank chief The euro also pulled back 0.4% against the Swiss franc , which has firmed in recent days after Swiss central bank officials said they would not hesitate to tighten policy if inflation stayed above target ranges. Elsewhere, the Reserve Bank of New Zealand became the latest central bank to raise interest rates by half a point. While that move was expected, it also provided hawkish guidance on its policy path, noting a larger and earlier hike reduced the risk of inflation becoming persistent. That had helped the kiwi dollar rise as much as
0.8% at one point to a three-week peak of "The RBNZ move shows central banks are not in a mood to slow
down. Conditions are pretty tight in a lot of G10 economies, and
it's a hint that in the short term policy tightening will remain
aggressive," said (Reporting by
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