LONDON, April 5 (Reuters) – The dollar held near two-month lows on Wednesday after weak data supported the view that the Federal Reserve may not need to raise rates much further, while the New Zealand dollar hit two-month highs after a larger-than-expected rate hike.
With the all-important U.S. monthly employment report just two days away, activity across the market was a little more subdued than it has been in recent weeks.
On Wednesday, private sector employment data for March was due at 1215 GMT. The ADP National Employment report is expected to show private payrolls rose by 200,000 last March, while Friday’s broader non-farm payrolls are forecast to have risen by 240,000.
