The dollar hovered at a near three-year high against a basket of major currencies in Asia on Thursday, having risen broadly as Treasurys jumped on the prospect that the Fed might scale back its stimulus program.» Read More
The dollar hovered at a near three-year high against a basket of major currencies in Asia on Thursday, having risen broadly as Treasurys jumped on the prospect that the Fed might scale back its stimulus program.
The dollar rallied to trade at a fresh 4 1/2-year high against the yen after Fed Chairman Ben Bernanke warned that holding interest rates too low for too long has its risks.
The U.S. dollar fell against the euro on Tuesday after St. Louis Federal Reserve President James Bullard dented expectations the U.S. central bank may taper its bond purchases.
The U.S. dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering bond purchases this week.
Peter Whitley, Senior FX Analyst at Thomson Reuters says to short AUD/USD and NZD/USD on any rally.
The dollar rose against a swath of currencies on Friday, rocketing to 4 1/2-year high against Japan's yen.
The Australian currency has been falling sharply and selling the Aussie dollar for the appreciating Mexican peso is becoming an increasingly popular trade, said an analyst.
The U.S. dollar recovered to trade higher against the euro and yen late Thursday afternoon in a volatile session that saw the U.S. currency swing between gains and losses.
The euro fell to a six-week low against a buoyant dollar on Wednesday, hurt by an unexpectedly large contraction of the euro zone economy.
The yen fell against the dollar on Tuesday for a fourth straight session, hitting its lowest level in 4 1/2 years as signs that the U.S. economy is improving.
The dollar gained for a third straight session against the yen and euro on Monday as data showing a rise in U.S. retail sales assuaged fears of an economic slowdown.
The yen tumbled to its lowest in more than four years against the dollar on Friday on data showing Japanese investors were buying more foreign assets.
WELLINGTON, May 10- In the global currency arena small player New Zealand probably deployed its last best tactic this week- a strategically timed disclosure. The country's central bank governor, Graeme Wheeler, knocked around half a cent off the New Zealand dollar after divulging at a parliamentary committee that it had been active in currency markets.
The U.S. dollar skyrocketed to its highest level against the Japanese yen in over four years on Thursday, piercing the key technical and psychological 100 yen-per-dollar mark.
The euro rose against the dollar after an unexpected rise in German industrial output was seen making a near-term euro zone interest rate cut less likely.
Neil Looker, chief dealer Institutional FX at City Index, explains that the euro remains strong due to recent "robust" data.
*New Zealand dollar slides as RBNZ says it has intervened. But the New Zealand dollar fell after the country's central bank said it had intervened to try to restrain the strength of the currency.
WELLINGTON, May 8- The New Zealand dollar may appreciate more if investors expect that the country's economy is outperforming, raising speculation that interest rates in the country will rise, the central bank said on Wednesday.
SYDNEY, May 8- Major currencies got off to a sleepy start in Asia on Wednesday following an uninspired session overnight, but the New Zealand dollar stood out after the central bank complained it was overvalued, prompting markets to briefly sell the kiwi.
The euro firmed across the board on Tuesday after data showing German industrial orders beat forecasts, but the prospect of further monetary easing could limit its gains.