The dollar was steady on Friday, on track for its fifth straight weekly gain, as investors take stock of economic data and firm expectations of the Federal Reserve cutting rates in June, while the yen traded at the psychologically key 150 per dollar level.
But overall market expectations on the timing of the first Fed cut and magnitude of the cut will continue to drive volatility in FX markets."
"We will likely soon contemplate the appropriate time for monetary policy to become less restrictive," Bostic said.
Investor focus has been on comments from policymakers, with Federal Reserve Chair Jerome Powell due to give the Senate banking committee its biannual monetary policy update on March 7.
The Australian dollar eased 0.20% to $0.651, while the New Zealand dollar is down 0.21% to $0.609.
Persons:
Christopher Wong, Raphael Bostic, Bostic, Jerome Powell, pare, Kieran Williams, bitcoin
Organizations:
Federal Reserve, PPI, Federal Reserve Bank of Atlanta, Federal, Asia FX, InTouch, Markets, New Zealand
Locations:
Buenos Aires, Argentina, Singapore, U.S, Japan, Asia, Germany