Session Recap: Dollar advances in a quiet day

Pretty quiet day in the currency market as investors performed a typical summer day while stocks reached record highs. In Forex, the USD advanced against its major competitors while it fell versus the Canadian Dollar.
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RBNZ hikes rates, signals pause on tightening cycle

As widely expected by market participants, the RBNZ decided to increase interest rates by 25bp to 3.5%, completing the 4th consecutive months of hikes.
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