Dollar Rises From 3-month Low; Hawkish RBNZ Boosts Kiwi

A New Zealand ten dollar note sits underneath a United States one dollar bill in the window of a currency exchange teller in Sydney, Australia, on March 10, 2016. David Gray/Reuters

LONDON/SINGAPORE—The U.S. dollar ticked up on Wednesday after falling to its lowest in more than three months on hopes that the Federal Reserve will soon be cutting rates.

New Zealand’s dollar was one of the biggest movers, rising 0.49 percent to $0.6166, after the Reserve Bank of New Zealand on Wednesday held interest rates but warned that further policy tightening might be needed.