The New Zealand dollar retreated from its recent highs against the other major currencies in the Asian session on Wednesday following comments by Reserve Bank of New Zealand Governor Graeme Wheeler that he still considered the currency “unjustified and unsustainable”, a key criteria for intervention. Wheeler said to the Parliament’s Finance and Expenditure Select Committee,
The dollar is posting modest gains against its major competitors at the start of the new trading week. Eurozone manufacturing data was slightly ahead of expectations Monday, although there was weakness in Spain and Greece. Meanwhile, U.S. factory orders came in better than expected. Investors are also looking forward to the release of the U.S.
The dollar is little changed overall in comparison to its major competitors Friday. On what has turned out to be a volatile trading session for equities, currencies have remained stable. U.S. economic data was mixed at the end of the trading week. While the Labor Department released a report on Friday showing another modest increase
The Australian dollar rose further against the other major currencies in the Asian session on Tuesday, after the Reserve Bank of Australia decided to keep its key rate unchanged as widely expected by economists and policymakers. The policy board of the Reserve Bank of Australia led by Governor Glenn Stevens maintained its key rate at
The dollar is currently turning in a mixed performance against its major competitors Tuesday. The U.S. currency is holding on to gains against the Euro, but is down slightly against both the pound sterling and the Japanese Yen. U.S. economic data was largely positive today, with consumer confidence and the S&P/Case-Shiller results both topping expectations.
