The dollar rose against a swath of currencies on Friday, rocketing to 4 1/2-year high against Japan's yen.» Read More
The dollar surged more than 1 percent against the yen on Friday after strong U.S. April jobs data fueled optimism the U.S. economy may be more resilient than some had feared.
*Aussie at lowest since Oct 2009 vs NZD By Gyles Beckford and Cecile Lefort. WELLINGTON/ SYDNEY, May 3- The Australian dollar was bolstered by a weaker euro on Friday after the European Central Bank opened the door to more aggressive easing, but it still plumbed three-year lows against its kiwi cousin.
WELLINGTON/ SYDNEY, May 3- The Australian and New Zealand dollars were underpinned by a weaker euro on Friday after the European Central Bank opened the door to more aggressive easing, while better U.S. data also helped commodities rally.
The euro fell sharply against the dollar in choppy trading on Thursday after European Central Bank President Mario Draghi said the bank is ready for negative deposit rates.
WELLINGTON/ SYDNEY, May 2- The Australian and New Zealand dollars were sharply lower on Thursday as investor sentiment soured on stocks and commodities, while the Federal Reserve held policy steady saying only that it would adapt its bond buying as needed. *The New Zealand dollar was likewise knocked lower to $0.8490, from $0.8580.
The U.S. dollar pared its losses against the yen on Wednesday after the U.S. Federal Reserve said it will stick to its plan to buy $85 billion in bonds each month.
The dollar fell against the euro and yen Tuesday after a U.S. Midwest business barometer unexpectedly contracted in April, adding to worries about the economic recovery.
WELLINGTON/ SYDNEY, April 30- The Australian and New Zealand held gains on Tuesday as benign U.S. and European inflation data pushed down bond yields and added to pressure for more easing by major central banks. *The New Zealand dollar marks time at $0.8547 from Monday's late local $0.8529, having risen to a two-week high of $0.8575 overnight.
The euro rose against the dollar and yen on Monday after Italy finally formed a government, ending two months of political uncertainty.
The dollar fell against the yen on Friday, retreating from a four-year high after the Bank of Japan left policy unchanged and after data showed U.S. economic growth expanded.
*BOJ upgrades economic outlook; China lifts yuan. SYDNEY/ WELLINGTON, April 26- The New Zealand dollar hovered near all-time peaks against a trade weighted index on Friday, while the Aussie dollar firmed against its U.S. counterpart helped by a high yuan/USD fixing.
SYDNEY/ WELLINGTON, April 26- The New Zealand dollar held near all-time peaks on a trade weighted-basis on Friday while the Aussie dollar firmed against its U.S. counterpart, helped by stronger equities and a rally in commodity prices. *Immediate focus on the Bank of Japan' s policy meeting.
The dollar rose against the euro on Thursday as data indicating resilience in the U.S. labor market allayed concerns about the pace of the economic recovery.
The euro rose against the dollar on Wednesday, reversing a drop to a near three-week low earlier in the global session.
The euro hit a two-week low against the dollar after weak German data fanned concerns about the euro zone economy and speculation the European Central Bank could cut interest rates.
Mitul Kotecha, Head of Global FX Strategy, Credit Agricole Corporate and Investment Bank says Japanese investors have yet to expand their overseas investments which needs to happen for the Yen to accelerate. He expects the JPY to reach 104 at the end of the year.
So, will dollar-yen continue its descent to hit 100 this week or does the yen, which has fallen more than 20 percent since mid-November, need a fresh catalyst to trigger a further downward move? Vote and let us know what you think.
The yen hovered near the key level of 100 to the dollar on Monday after major industrialized nations gave their stamp of approval to a massive Japanese easing program.
The U.S. dollar and euro rallied 1.5 percent versus the yen on Friday after Japan said the Group of 20 countries did not oppose its aggressive monetary easing.
The euro edged higher against the dollar as more signals of a weakening U.S. economic recovery lifted it from its biggest daily drop in 10 months in the previous session.