The dollar firmed in early Asian trading on Monday, though a tense situation in Ukraine was likely to keep traders on their toes.» Read More
The euro fell after the European Central Bank said it will be forced to ease further if the currency keeps going up.
The dollar lost 2.5 percent against the yen since last Friday, on guidance that the Federal Reserve will not soon raise base interest rates.
The dollar hit a three-week low on Thursday after minutes from the Federal Reserve's March meeting disappointed dollar bulls.
The dollar bounced back a third of a percent against the yen after a steep slide against Japan's currency.
The dollar fell to a 10-day low against the yen after the Bank of Japan refrained from additional monetary easing.
The dollar lost ground against the yen and dipped versus the euro after U.S. jobs data last week disappointed.
The dollar fell on Friday after U.S. non-farm payrolls showed job growth necessary for the Fed to wind up its asset purchasing program.
The euro dropped on Thursday after the European Central Bank pledged to use unconventional measures if needed to battle low inflation.
The euro was steady against the dollar after the ECB's policy decision, where they failed to cut rates to boost euro zone growth.
The British pound was strengthened by construction purchasing manager's index, even after other disappointing construction data.
SYDNEY, April 2- The beleaguered yen found little reprieve in Asia early on Wednesday, the only major currency showing a clear trend as risk appetite stayed buoyant and investors continued to bet on more stimulus from China and perhaps even Japan. The New Zealand dollar fetched 89.42 yen, having scaled a 6-1/ 2 year peak of 89.91.
The yen reached a fresh six-year low on the New Zealand dollar on Monday, as safe-haven demand waned amid hopes of more stimulus from China.
*Hopes of China stimulus keeping risk demand buoyant. SYDNEY/ SINGAPORE, March 31- The yen struggled to gain traction versus the dollar and touched a fresh six-year low against the New Zealand dollar on Monday as demand for the safe-haven currency waned amid hopes of more stimulus from China.
*Hopes of China stimulus keeping risk demand buoyant. SYDNEY, March 31- The yen stayed on the defensive early on Monday, reaching a fresh six-year low on the New Zealand dollar as demand for the safe-haven currency waned amid hopes of more stimulus from China. The kiwi rose as far as 89.23 yen, a level not seen since November 2007.
The euro fell to three-week low against the dollar on Friday, with investors wary given strong rhetoric from European Central Bank officials about its recent strength and awaiting German inflation data that could undermine it further.
Jonathan Webb, Head of FX Strategy at Jefferies Bache, explains the factors driving the New Zealand dollar higher.
SYDNEY, March 28- The euro nursed broad losses early on Friday, while a rally in dollar-bloc commodity currencies drove the New Zealand dollar to its highest against the greenback in over two years. The euro last traded at $1.3743, having plumbed three-week lows of $1.3728 overnight, and on track to end lower for a second straight week.
Boris Schlossberg, Managing Director at BK Asset Management, says the Reserve Bank of New Zealand could be prepared to weather a strong currency for some time, in exchange for control on its property sector.
NEW YORK, March 27- The dollar edged higher against the euro and the yen on Thursday after upbeat U.S. employment data, while the New Zealand dollar hit its highest in more than 2-1/ 2 years on economic data and hints the country's central bank could raise interest rates.
The dollar edged higher against the euro and the yen after upbeat U.S. economic data.