Forex Market Update : Epic Research Singapore

The U.S. dollar dropped against the pound Thursday after the head of the Bank of England said the first interest-rate hike in the U.K. could come sooner than currently expected.

The pound GBPUSD +0.22%   surged to $1.6906 from $1.6791 late Wednesday.

The New Zealand dollar NZDUSD -0.24%   rose to 86.97 U.S. cents from 86.11 U.S. cents late Wednesday, hitting the highest level since May 6.

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