Phyllis Papadavid, senior global FX strategist at BNP Paribas, talks about the current performance of the New Zealand dollar and emerging market currencies.
The dollar clawed its way higher, recovering from almost four-month lows reached late last week on another surprisingly bad round of U.S. data.
The recently interrupted bull-run in the dollar has weighed heavily on company dividends, with global pay-outs slumping.
The U.S. dollar traded lower against a currency basket after downward producer price data challenged hopes for better U.S. economic growth.
Venezuela’s black market exchange rate weakened below a key level on Thursday, as the bolivar’s decline steepened in the face of hyperinflation and a rapidly shrinking economy.
The U.S. dollar hit a more than three-month low against a basket of major currencies on Wednesday after weaker-than-expected U.S. retail sales data.
Fund managers invested in U.S. markets are still expecting the dollar to return to strength, with euro dollar parity still very much on the cards.
The dollar rose against the euro on renewed worries over a Greek exit from the eurozone, while the New Zealand dollar plunged against the greenback.
The dollar gained against the euro as a mixed U.S. jobs report stoked uncertainty over the health of the U.S. economy.
The dollar recovered against the euro after German bund yields retreated from their highs for the year.
The euro hit a ten-week peak, tracking European bond yields higher and benefiting from a sell-off in the dollar after weak U.S. jobs data
The dollar fell from three-week highs against the yen and one-week peaks versus the euro.
The dollar edged higher in thin trading after a two-week drop tied to data suggesting the U.S. economy might be stabilizing.
The dollar touched a two-week high against the yen on Friday and rose from a two-month low versus a basket of major currencies.
The greenback reversed earlier losses to trade higher against a basket of currencies on Thursday.
The yen pushed higher on Thursday after the BOJ kept policy unchanged and held off from expanding its monetary stimulus.
The dollar dropped to an eight-week low after a weak U.S. consumer confidence report.
Sterling has boomed since mid-April and some analysts say the rally could run way beyond next month’s national election.
Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday.
After a straight-line upswing since the middle of last year, the greenback is likely to see consolidation for the next few weeks, says Khoon Goh, senior FX strategist at ANZ.