The US dollar and Japanese yen rose against their major opponents on Tuesday morning in Asia as most Asian stocks tumbled, driven by the continued concerns over the euro-zone debt worries, prompting traders to seek safe-haven currencies. The dollar and the yen often strengthen in times of economic uncertainty as investors opt for low yielding
During early Asian deals on Thursday, the New Zealand dollar surged up against its major counterparts after the New Zealand Finance Minister Bill English has announced sweeping reforms to the country’s tax system to encourage savings and reduce the public deficit in his 2010 Budget. The reforms include a 15% hike in the sales tax
The British pound that dropped in early Wednesday Asian deals against other major currencies recouped its losses in the latter part of the session. The pound thus rose to a 1-week high against the euro and a 6-day high against the franc. Meanwhile, the pound recovered from near a 2-week low against the yen and
The US dollar and the Japanese yen spiked higher against their major counterparts as Asian stocks slide on continued concerns over the euro-zone debt worries, prompting traders to seek the safe-haven currencies like the greenback and the yen. Tracking cues from Wall Street, where stocks suffered another setback on Friday amid concerns over the state
Monday morning in Asia, the Australian and the New Zealand dollars plummeted against their major counterparts as risk aversion increased amid growing concerns about credit woes in Europe. The Aussie tumbled to a 1-week low against the kiwi, 11-day low against the greenback, 10-day low against the yen and 4-day lows against the euro and
