Boston Fed President Eric Rosengren
and Fed Vice Chair Stanley Fischer suggested they are concerned less
about raising rates too fast or too high than about keeping them too low
for too long.
The yield
curve between five-year notes and 30-year bonds US5US30=TWEB flattened
to 95 basis points, the narrowest since December 2007, on Thursday.
The dollar eased, falling 0.2 percent to 111.145 yen JPY=D4. The dollar index .DXY was about 0.1 percent lower at 97.487, extending Wednesday's 0.2 percent loss.
The New Zealand dollar NZD= gained 0.5 percent to $0.7257 after the central bank left its interest rate unchanged at a record low as expected and reiterated it would remain steady for a while.
Sterling GBP=D3 was steady at $1.2674, holding Wednesday's 0.3 percent gain on comments by the Bank of England's chief economist that he was likely to vote for an interest rate hike this year. Until now, he has been seen as largely supportive of keeping rates low.
The euro EUR=EBS was flat at $1.117, after Wednesday's 0.3 percent gain. The weaker dollar lifted spot gold XAU= 0.5 percent to $1,252.80 an ounce.
The dollar eased, falling 0.2 percent to 111.145 yen JPY=D4. The dollar index .DXY was about 0.1 percent lower at 97.487, extending Wednesday's 0.2 percent loss.
The New Zealand dollar NZD= gained 0.5 percent to $0.7257 after the central bank left its interest rate unchanged at a record low as expected and reiterated it would remain steady for a while.
Sterling GBP=D3 was steady at $1.2674, holding Wednesday's 0.3 percent gain on comments by the Bank of England's chief economist that he was likely to vote for an interest rate hike this year. Until now, he has been seen as largely supportive of keeping rates low.
The euro EUR=EBS was flat at $1.117, after Wednesday's 0.3 percent gain. The weaker dollar lifted spot gold XAU= 0.5 percent to $1,252.80 an ounce.
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