U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021.
World stock markets remained on edge and the dollar maintained its firm tone, given expectations that the Fed would maintain its aggressive tightening path to contain uncomfortably high inflation.
We do not think the Fed will hike 100 basis points this week, but the potential is still real," he added.
The New Zealand dollar fell to its lowest level since May 2020 of US$0.5933, and was last at US$0.5937 .
The Canadian dollar fell to its lowest level in almost two years at C$1.3324 per U.S. dollar .