Investing.com - The Australian and New Zealand dollars rose against their U.S. counterpart on Thursday, as the minutes of the Federal Reserve’s March meeting showed that policymakers remain cautious regarding future rate hikes.
AUD/USD gained 0.36% to trade at 0.7634.
Released on Wednesday, the minutes from the Fed's March policy meeting indicate that the central bank is unlikely to raise interest rates before June due to concerns over global economic growth.
The minutes showed that "a number" of policymakers believe that headwinds to growth will probably persist and that many urged caution about raising rates.
NZD/USD rose 0.26% to 0.6842.
Meanwhile, commodity currencies found support as oil prices continued to rise for a second consecutive day, after on Wednesday data showed that U.S. stockpiles fell unexpectedly last week.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.32% at a fresh five-and-a-half month low of 94.20.