Tuesday in Asia, the Australian dollar strengthened as a rise in most Asian stocks boosted demand for higher-yielding currencies. The aussie surged up to an 11-day high against the Canadian dollar, 6-day high against the US dollar and a 4-day high against the euro. Against the yen, the Aussie recouped its recent losses. Buoyed by
Monday, the US dollar recovered from an early Asian session’s multi-day lows against the currencies of Europe, U.K. and Switzerland. Meanwhile, the dollar remained higher against the yen. The dollar that slipped to a 5-day low of 1.3494 against the euro at 5:30 pm ET Sunday and 1.0589 against the franc at 5:35 pm ET
Monday morning in Asia, the New Zealand dollar edged up against its major counterparts on the back of a rise in local stocks. New Zealand’s benchmark NZX-50 index is currently trading at 3,250.04, up 13 points or 0.4% over its previous close. The New Zealand dollar climbed against the currencies of US and Japan in
The Australian dollar rallied against its major opponents on Monday morning in Asia as the Reserve Bank of Australia Governor Glenn Stevens said house prices are “getting quite high” and signaled that interest rates may need to be increased further to contain inflation. Interest rate in Australia is currently staying at 4.0 percent and analysts
The dollar paused against the euro but surged to its highest in two months versus the yen Thursday, bolstered by relatively positive news from the jobs front. With European leaders struggling to craft a united response to the sovereign debt crisis faced by Greece, the dollar sustained most of its dramatic recent gains against the
