The US dollar spiked up against major currencies in New York trading on Friday. Extending previous session upward trading, the greenback advanced further against the euro and the British pound in today’s mid-day deals. At 11:15 am ET, the greenback climbed to a 17-day high of 1.3504 versus the euro and a 3-day high of
Wednesday in Asia, the yen that strengthened around 11:50 pm ET pared gains shortly as investors reacted to the Bank of Japan’s decision to ease its ultra-loose monetary policy further by expanding its three-month funding operation introduced in December. The yen plunged to a 6-week low against the NZ dollar and the franc, 2-day low
The Japanese yen edged down across the board in early Asian deals on Friday as a rise in most Asian stocks prompted traders to seek for riskier currencies. Japan’s Nikkei 225 Index opened higher today and is currently trading up 113 points or 1.1% To 10,777. Traders await Japan’s final figures of industrial production for
The New Zealand currency trended lower against its major rivals in early Asian trading on Thursday as markets reacted to the latest RBNZ decision to leave interest rates unchanged at a record low. The RBNZ announced it would leave the Official Cash Rate at 2.50 percent, with RBNZ Governor Alan Bollard saying the nation’s economy
During Asian deals on Wednesday, the Chinese yuan eased from a 2-day high against the US dollar after a report showed that China’s trade surplus halved in February. China logged a trade surplus of $7.6 billion in February, compared with the $14.2 billion surplus in January, the General Administration of Customs said. Exports jumped 45.7%
