During late Asian trading on Monday, the US currency traded lower against major currencies. The greenback dropped to a 5-day low versus the euro, 4-day low against the pound and a new multi-week low versus the yen. The People’s Bank of China announced Saturday that it is upwardly revising interest rates by 25 basis points.
The euro fell further versus the dollar and yen on Thursday, even as a mixed bag of economic data from the US signaled lingering weakness in the world’s largest economy. While the US is hardly experiencing a robust recovery, conditions are grim in most areas of the euro zone, with Germany’s strong economy in stark
The dollar was mixed in quiet dealing Thursday, holding most of its recent gains versus the euro while coming under pressure against the resurgent yen. A week’s worth of economic data was crammed into the final session before Wall Street’s Christmas break, but with many traders away from their desks, activity was subdued in the
The New Zealand dollar that edged lower after showing a weaker-than-expected third quarter Gross Domestic Product figures at the beginning of Thursday’s Asian session recouped some of its losses shortly. Statistics NZ reported today that the nation’s GDP was minus-0.2 percent compared to the preceding quarter. For the full year to Q3, GDP growth was
The dollar continued to strengthen against the euro on Monday, even as European officials dismissed speculation the monetary union may split due to stresses caused by competitiveness gaps within the EU. On a day bereft of first-tier economic news from the US, focus remained on developments across the Atlantic. European Central Bank President Jean-Claude Trichet
