Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday.» Read More
*New Zealand dollar hammered by hint at lower rates. The euro, which has been sliding for months on a massive bond-buying program and anxieties about Greece possibly defaulting, rose against the dollar on Thursday despite weaker-than-forecast euro zone private sector business growth. German Chancellor Angela Merkel was expected to tell Greece's prime...
*New Zealand dollar hammered by hint at lower rates. LONDON, April 23- The New Zealand dollar was by far the biggest mover on major currency markets on Thursday, sinking 1.5 percent after a senior central banker pointed to the need for lower, not higher, interest rates. "It is a pretty easy way for the Reserve Bank to try and ensure that New Zealand does not lose out...
*Euro hurt by concerns over Greece. TOKYO/ SYDNEY, April 23- The U.S. dollar held firm on Thursday after strong U.S. housing data helped to lift U.S. bond yields while the New Zealand dollar fell more than one percent following dovish central bank comments. The euro resumed its descent after an upside probe failed to break new ground, dipping 0.3 percent to $1.0693,...
The dollar edged upward after a jump in U.S. home sales data lifted expectations Federal Reserve policymakers may soon hike interest rates.
*Australia CPI data next test for AUD. SYDNEY, April 22- The yen nursed modest losses early in Asia on Wednesday, while the other major currencies drifted in familiar ranges with investors seemingly lacking enough conviction to break to new ground. Notably, the New Zealand dollar touched a three-month high of 92.10 yen, before easing back to 91.71 yen.
The euro inched up against the dollar, pivoting from early losses following an ECB proposal.
The dollar rose broadly, with the euro sliding more than half a percent against the U.S currency, on growing concern that Greece may default on debts.
The dollar index traded slightly lower in late-afternoon Friday as the euro extended its gains.
The dollar was on track for its biggest daily decline against a basket of major currencies in nearly two weeks on Thursday.
A sustainable growth outlook in New Zealand and a drop in confidence in Australia are igniting talks of parity for the countries' currencies, says Bill English, deputy prime minister & minister of finance of New Zealand.
The dollar traded lower across the board after an earlier rebound versus the euro amid the ECB's reiteration of its dovish stance on monetary policy.
One closely-watched financial analyst has launched a scathing attack on the country's finances and predicted another crisis for its currency.
The dollar tumbled after five straight days of gains, as investors took advantage of weaker-than-expected retail sales to lighten hefty positions.
The dollar rose against the euro in a continuation of last week's bets that the Fed will hike interest rates in the coming months.
The euro slumped for a fifth straight session against the dollar on Friday to a 3-1/2 week low as falling European interest rates.
Chris Tedder, research analyst at FOREX.com, explains why the New Zealand dollar will move past parity against the Australian dollar "sooner rather than later."
Ray Attrill, co-Head of FX Strategy at National Australia Bank, says the kiwi dollar will likely trade just shy of parity with the Aussie dollar. Even if parity is reached, it won't be sustainable.
A weaker Australian dollar against the kiwi dollar could slow investment opportunities and tourism income, says John Key, prime minister of New Zealand.
The dollar traded higher on Wednesday after the release of the Federal Reserve's FOMC meeting minutes.
The greenback recovered as trading desks returned to full strength and underlying trends for its continued rise reappeared.