U.S. Dollar Index Holds Steady

The U.S. dollar held steady versus a basket of currencies on Tuesday, while the kiwi fell after New Zealand’s central bank announced home lending restrictions and also said the New Zealand dollar was overvalued.

The U.S. dollar’s moves versus the yen and the euro were limited as the market awaited the minutes of the U.S. Federal Reserve’s July policy meeting due on Wednesday.

The kiwi dollar was the big mover, falling 1 percent to $0.7985.

The move lower followed home lending restrictions announced by New Zealand’s central bank governor, Graeme Wheeler, to help cool off an overheated market without having to raise interest rates.


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