The dollar rose after senior Federal Reserve officials bolstered expectations that U.S. interest rates will rise soon.
The dollar inched up on Friday as investors digested a speech from Federal Reserve Chair Janet Yellen.
The dollar was range-bound in illiquid Asian trade as currencies tread water ahead of the global central bankers' gathering in Jackson Hole.
Investors focused on a gathering of central bankers for clues on when the U.S. Federal Reserve will hike interest rates again.
Investors shifted their focus away from hawkish remarks on interest rates by Fed officials and towards Friday's Jackson Hole meeting.
New Zealand's central bank said its current interest rate track involves further cuts to balance risks while generating an increase in CPI inflation.
The dollar rose after comments from Fed Vice Chairman Stanley Fischer prompted bets on an interest rate hike.
The dollar was weighed down by investors' lack of belief in the chances of a rise in U.S. interest rates this year.
Steven Saywell, global head of FX Strategy for BNP Paribas, weighs in on the possibility of a near-term Fed rate hike and its effect on the dollar.
The dollar fell to a seven-week low against a basket of major currencies on Thursday.
After the release of the minutes, the U.S. dollar hit a session low against the yen while the euro touched a session high against the dollar.
The dollar hit its lowest in seven weeks on Tuesday, dipping below 100 yen for the first time since June.
New Zealand's interest rate differential compared with the rest of the world makes Kiwi bonds attractive, notes Jeremy Sullivan of Hamilton Hindin Greene.
The dollar was softer, pegged back by sluggish U.S. data that tempered expectations of a Federal Reserve interest rate hike.
The AUD/USD pair is likely to trade in a tight range and hover towards $0.76, says Maybank's Saktiandi Supaat.
The dollar held lower at the end of a week dominated by flows into higher-risk currency plays like the Australian and Canadian dollars.
The FX market will likely trade in a range until September, awaiting announcements from the BOJ and the Fed, says ABN AMRO Bank's Roy Teo.
Back in March, the Fed did say it could not tighten if the greenback strengthens too much, says Nordea Markets' Jesper Bargmann.
The New Zealand dollar surged after its central bank made a smaller interest rate cut than some had expected.
The price action in the NZD/USD suggest that RBNZ did not sufficiently meet the market's dovish expectations, says Citi's Todd Elmer.