In a statement after the end of the two-day policy meeting, the central bank said, "The stance of monetary policy remains accommodative, thereby supporting strong labour market conditions and a sustained return to 2 per cent inflation". The trade-weighted index fell to 73.12 from 73.25. The kiwi traded at 58.50 euro cents from 58.42 cents.
The Fed signalled it is more confident that US inflation will remain around the central bank's 2% target range after undershooting that level for much of the last six years.The US central bank said in the statement that price growth has moved close to its target and is likely to stay there in the medium term.
The dollar's strength stems from the pickup in inflation and growing expectations that the Fed will hike rates four times this year.
The kiwi dollar traded at 69.88 U.S. cents as at 8am in Wellington and earlier touched 69.81 cents, the lowest since late December, from 70.12 cents late yesterday.
E-Mini futures for the S&P 500 crept 0.3 per cent higher, with overnight results from Kraft Heinz, Tesla and Spotify in focus.
In late NY trading, the euro rose to 1.2005 dollars from 1.1996 dollars in the previous session, and the British pound increased to 1.3624 dollars from 1.3618 USA dollars in the previous session.
"There wasn't any particular news to get it going other than the Fed staying the course, and that contributed to the slide in stock prices", said Robert Pavlik, chief investment strategist, senior portfolio manager at SlateStone Wealth LLC in NY.
In economic data, USA private sector employers are said to have added 204,000 workers to payrolls last month, according to the ADP Research Institute.
Windy, warm Tuesday in Oklahoma, severe weather possible
Tonight: Partly cloudy - low around 65 with south wind 10 to 14 miles per hour gusting as high as 24 miles per hour . Sunday also will be mostly sunny but slightly cooler with a high temperature expected to be around 67 degrees.
The MSCI Emerging Market Index decreased 0.7 per cent to the lowest in more than a week.
"The labor market has continued to strengthen and. economic activity has been rising at a moderate rate", the central bank wrote in a statement on Wednesday.
Last night the Fed acknowledged rising inflation, which...
The release of the Fed statement overshadowed the release of a report from payroll processor ADP showing private sector employment increased by slightly more than anticipated in the month of April.
The Fed statement was not quite as hawkish as some had wagered on and caused a dip in the dollar, though sentiment remained bullish given US rates were still clearly heading higher while those in Europe and Japan lagged far behind.
The dollar eased 0.1 percent to 109.68 yen JPY=, inching away from a three-month peak of 110.05 yen set on Wednesday.
Stock markets and bond yields were largely unmoved by the decision.
Spot gold was up 0.4 per cent at $1,310.48 an ounce.
And even if they could stifle Crosby's efforts, the Flyers just couldn't contain the explosiveness of winger Jake Guentzel . With all of that important details taken care of, it was a pretty chaotic path to get us to the end result.
To start a video chat , users tap the revamped camera icon atop a direct Instagram message thread to launch the live chat. Instagram says you will also be able to minimize the video chat and browse through Instagram while the chat is running.
We also finally have eyes on the full hardware specs, which only make it more clear that the Oculus Go is the best deal in VR. It seems likely we'll hear more about availability at Facebook's F8 conference, which begins in San Jose, California today.
Now he takes center stage, and the superhero convention that is " Avengers: Infinity War " is just unnecessary weight. As you can see in the video starting around 40 seconds in, Ruffalo started to say "half" but switched to "everybody".
The dating feature would be opt-in only and users would be able to build their profile out of the view of their Facebook friends. The feature will be a "simple control to clear your browsing history on Facebook ", according to Zuckerberg's post .
Shultz was one of the first female fighter pilot in Navy history and has also said flying is her way of witnessing God firsthand. NTSB Chairman Robert Sumwalt has said a crack on a blade inside the engine led to the failure that blew debris at the aircraft.
ZTE continues to face tough competition in high growth markets, which led to declining market share during the quarter. HMD Global (Nokia), iTEL, Xiaomi , Tecno, OnePlus and Huawei were the brands that grew the fastest in Q1 2018.
Revenue from that division surged to US$9.1bn, beating last year's figure of US$8.5bn and Wall Street forecasts of US$8.4bn. But the key number everyone was looking to was the one that has the greatest impact on AAPL stock: iPhone sales .
Players will now find gravity-defying Hop Rocks dotted around the crash sites adding a whole new dynamic to the game. While the loot is all cosmetic, they definitely reward paying players with more items and things to do in the game .
But a breakneck sequence of events over the last two days may have made the nightmare scenario increasingly likely. But to prove obstruction of justice, a prosecutor must establish that an act was carried out with corrupt intent.
Speaking after his win yesterday, Nadal said: "I'm very happy for the victory against a very hard opponent". But that proved to be as good as it would get for the the youngest Barcelona finalist since Nadal in 2005.
Toronto eliminated the Wizards in a six-game first round and now the challenge is stopping LeBron and his supporting cast. In the playoffs, Green has improved his scoring average by 1.2 points per game over his regular season numbers.
Brexit war cabinet mired in trenches over customs plan
A CRUNCH meeting of Theresa May's " Brexit war cabinet " last night failed to agree over plans on the future of the customs union. Prominent pro-Brexit Conservative legislator Jacob Rees-Mogg said the idea was "deeply unsatisfactory".
Hospital treating 7 people injured in explosion
It was not immediately known if the wife was also being treated at the hospital, which said it had seven patients. After the explosion, firefighters were still working more than an hour later to get the flames under control.
Britain, France and Germany support Iran nuclear deal
Macron said he had pushed the idea of a much broader Iran agreement with Trump, which was received "very positively". But, with powerful hardliners at odds with the reformists now in power, nothing is certain when it comes to Iran.
Pochettino happy for Spurs, Kane after Watford win
Pochettino's Spurs have been a force to reckon with this season as they have beaten the mighty Real Madrid at home. Watford remain on 38 points, likely enough for another season in the top flight - but too close for comfort.
Forecast: Severe weather possible today
Another round will bring an increased threat of severe weather, including tornadoes, to more heavily populated areas on Tuesday. REMEMBER.A tornado watch means conditions are favorable for tornadoes and severe thunderstorms in and close to the watch area.
Mueller has dozens of questions for Trump
The questions also touch on Russian meddling and whether the Trump campaign coordinated in any way with the Kremlin. The lawyers want to resolve the investigation as quickly as possible, but there's no agreement on how to do that.
Kelly dismisses as false a report he called Trump an 'idiot'
It also comes amid a swirl of speculation that Kelly is on his way out as chief of staff, having been bypassed by Trump recently. President Trump unleashed on "fake news" reports claiming that White House chief of staff John Kelly called him an " idiot ".
Apple's Earnings: iPhone Numbers Just Keep Coming Down
Analysts will have their eyes glued to numbers, to see if iPhone sales failed, met, or exceeded their expectations. The traditional long press for options has worked well for Android devices over the past few years.
Trade war or no trade war?
Gregory Daco, chief United States economist at Oxford Economics, warned of financial shocks if the tariffs go into effect. The steel threat has complicated talks with Canada and Mexico on a revised North American Free Trade Agreement.
Head of WhatsApp to Leave Company
Despite Koum's chummy tone, sources speaking to WaPo claim he's leaving the company due to "clashing" with Facebook. In a post on Facebook, he said he was "taking some time off to do things I enjoy outside of technology".
MAP: Where is the migrant caravan from?
Attorney general Jeff Sessions added that the United States would not tolerate "the lawlessness of these types of efforts". A large caravan arrived in Tijuana within the last week and had waited until Sunday to cross the border into San Diego.