The dollar held just below a 10-month high against a basket of currencies on Thursday after the Fed said it is no rush to raise interest rates.» Read More
SYDNEY/ TOKYO, June 24- The dollar-bloc currencies held onto gains on Tuesday, having outperformed their G3 peers on optimism about Chinese growth. The Canadian dollar traded at C $1.0725, not far from a 5-1/ 2 month peak of C $1.0717 per U.S. dollar.
*Japan to announce more' Third Arrow' policies. SYDNEY, June 24- The dollar-bloc currencies held onto gains early on Tuesday, having outperformed their G3 peers on optimism about Chinese growth and as the market prepared for Japan to deliver its latest instalment of long-term economic policies.
The Australian and New Zealand dollars both jumped on Monday, after a promising China manufacturing survey.
The dollar reversed some of its losses in a quiet session overnight after upbeat U.S. data helped temper the Federal Reserve's dovish outlook.
The dollar sank to its weakest level in three weeks on Thursday after a cautious message from the Federal Reserve.
Currency experts have warned that there will be winners and losers in the foreign exchange markets on the back of the spike in oil.
*New Zealand dollar hits trade-weighted record high. LONDON, June 19- A U-turn on interest rate policy in Norway drove a wipeout for its currency on Thursday, colouring a session marked mainly by disappointment over the Federal Reserve's failure to propel the dollar higher.
*New Zealand dollar hits trade-weighted record high. The euro traded at its highest level in 10 days against the dollar while sterling inched up to a new 5- year high of $1.7018 and the New Zealand dollar soared to a record high.
TOKYO/ SYDNEY, June 19- The U.S. dollar wallowed at its lowest in nearly two weeks against a basket of major currencies on Thursday, in the wake of the Federal Reserve's cue that U.S. interest rates will stay low for a while. The New Zealand dollar soared to a record high against a basket of currencies after the Fed's dovish stance.
Currency analysts to believe an interesting trading opportunity could develop over the coming months.
The U.S. dollar held onto modest gains, having risen broadly after U.S. consumer prices recorded their largest increase in more than a year in May.
The Australian dollar fell more than half a percent against the U.S. dollar on Tuesday after the RBA expressed economic recovery doubts.
The dollar dipped versus the yen, although potentially decisive events such as the Federal Reserve meeting midweek limited movements.
The dollar was up around a third of a percent against the yen as markets listened to the Bank of Japan's latest comments on policy on Friday.
The U.K.'s pound has roared higher as Mark Carney, the governor of the Bank of England, surprised markets.
Retail sales missed expectations, and state unemployment benefits claims climbed higher than expected.
LONDON, June 12- The New Zealand dollar powered more than one percent higher on Thursday after the country's central bank raised interest rates and quashed widespread market speculation it was ready to slow its campaign of monetary tightening.
Nick Tuffley, Chief Economist at ASB Bank, expects the Reserve Bank of New Zealand to continue hiking rates. He also discusses how migration may impact inflation.
TOKYO, June 12- The euro hovered near a four-month low versus the dollar on Thursday, hobbled by a widening yield gap between euro zone bonds and their major peers, while the New Zealand dollar rose after the central bank retained its hawkish bias.
Hamish Pepper, Forex Strategist, Asia Pacific at Barclays and Daryl Guppy of Guppytraders.com, debate the direction of the Australian dollar.