The dollar hovered at 14-month highs, underpinned by upbeat U.S. data and further supported by a sell-off in the yen and sterling.» Read More
Better-than-expected U.S. growth data lifted the dollar on Thursday as the euro fell amid worries about tensions between Ukraine and Russia.
The euro turned higher in choppy trading Wednesday as traders reacted to headlines that the ECB is unlikely to take new action early next week.
The dollar softened on Tuesday while the euro further struggled on expectations of soft inflation data and more monetary easing.
The euro fell to its lowest in nearly a year against a broadly firmer dollar on Monday after comments from the head of the European Central Bank.
WELLINGTON, Aug 25- The New Zealand dollar has tumbled to six-month lows in the past month and may fall further, giving the Reserve Bank of New Zealand room to raise interest rates again before year end.
Yellen's speech cited persistent labor market slack but noted faster recovery in the sector could accelerate the timing of a Fed interest rate hike.
Central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Fed Chair Janet Yellen.
The euro recovered from a 11-month low against the dollar, helped by better-than-expected German private sector growth data.
U.S. housing starts surged past expectations in July, snapping two straight months of declines.
*Data also points to softer outlook for New Zealand dollar. WARSAW, Aug 19- Sterling and the New Zealand dollar were the main losers on major currency markets on Tuesday, hit respectively by a bigger than expected fall in inflation and lower government forecasts for growth.
WARSAW, Aug 19- The New Zealand dollar slid almost half a percent on Tuesday after the government trimmed its forecast for growth and future budget surpluses, while progress for its U.S. counterpart halted near the top of a recent range. "NZD was sold off hard after the PREFU," said Sue Trinh, a strategist with RBC Capital Markets in Hong Kong.
The US dollar rose against a basket of major currencies on Monday on reduced concerns over Russia and Ukraine and positive US housing data.
The dollar failed to get a safe-haven boost despite news that the Ukraine-Russia conflict had entered a potentially dangerous phase.
A robust U.S. 30-year bond auction supported Treasuries prices in general and weighed on yields, which has underpinned the greenback, analysts said.
The British pound also falls on inflation, wages data, and the yen is subdued after Japan's Q2 GDP contraction.
*New Zealand dollar hits 2- month lows. The German ZEW survey showed both the current situation index and the expectations index deteriorated sharply, as Europe's largest economy was hit by uncertainty caused by the Ukraine crisis.
The euro fell towards 9-month lows against the dollar on Tuesday, as investors positioned for a weak German sentiment survey.
The Norwegian crown hit a seven-week high against the euro after Norway reported consumer inflation unexpectedly jumped in July.
The euro gained against the dollar and sterling, and investors flocked to the Swiss Franc and yen as Obama approved air strikes in Iraq.
The yen came under pressure from Japan's plans to increase its pension allocation to the domestic stock market.