Investing.com
The U.S. dollar stabilized in early European trade Wednesday ahead of the release of the minutes from the last Federal Reserve meeting, while sterling edged higher after the latest jump in inflation. Markets are still wary of any more hawkish commentary in the minutes, due at 14:00 ET (18:00 GMT), with traders looking to see whether the Fed signals another interest rate hike of 75 basis points in September, matching the July increase. Elsewhere, NZD/USD fell 0.1% to 0.6339 after the Reserve Bank of New Zealand hiked rates by an expected 50 basis points and pointed to the need to bring forward the timing of future rate increases.