Several Fed policymakers spoke at the New York session.
The currency reaction was not as expected
The currency market unfortunately failed to react significantly after hearing statements from several Federal Reserve (Fed) policy makers.
This is because there is nothing new to offer by those who are seen as still open to more increases even with reliance on data as a key condition.
Reviewing a speech at the New York session, New York Fed President John Williams said the central bank still has a lot of work to do to control inflation, adding that data will determine the path of rate hikes.
In addition, Chicago Fed President Lisa Cook said that the central bank remains focused on restoring price stability since inflation is still high. Hence, they need a strict policy for some time.
In addition, Fed Governor Christopher Waller offered the same statement as Chairman Jerome Powell that interest rates could rise higher than expected.
In principle, the Fed is seen to have gradually moved towards less aggressive measures, but the recent NFP employment data provides some comfort for the central bank to keep interest rates high.
Even so, the US dollar showed little change following the statements, seeing it trade flat in the Asian session (Thursday).
Other major currencies reacted similarly, with the euro and pound remaining weak around lows against the greenback.
The Aussie dollar pared some of its gains from the Reserve Bank of Australia's (RBA) hawkish comments to further extend interest rate hikes.
