New Zealand currency is arranged for a photograph in Auckland, New Zealand, on Thursday, Sept. 20, 2007.

Chris Gorman | Bloomberg | Getty Images

The dollar drifted near the middle of its range of the past month versus major peers on Thursday, as traders looked to next week’s Federal Reserve policy meeting for indications on how soon the U.S central bank will start to taper stimulus.

The New Zealand dollar jumped after the economy grew at a much faster pace than expected, reinforcing the view that the central bank will start lifting interest rates despite a recent outbreak of the coronavirus.

The kiwi was 0.23% higher at $0.7125, after briefly surging as much as 0.47%.

The dollar index, which measures the currency against six rivals, was at 92.483, little changed from Wednesday.

It reached a two-week high of 92.887 at the start of the week, only to drop to a one-week low at 92.321 on Tuesday after a softer-than-expected inflation report….

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