The dollar continued its assault on the euro Wednesday, surging to another 28-month peak amid speculation the European Central Bank will soon take unprecedented steps aimed at reviving the region’s economy. With European powerhouse Germany mired in a rough patch and on the verge of a deflationary spiral, analysts say it is only a matter
The Japanese yen fell against some of its major opponents on Friday in quiet trading, as Japan’s consumer prices inflation slowed more than expected on lower oil prices in November and industrial production declined unexpectedly from the prior month. Consumer prices rose 2.4 percent year-over-year in November following the 2.9 percent growth in the previous
The dollar raced to new 28-month highs against the euro Friday, as traders bet the European Central Bank can no longer afford to dither on massive quantitative easing. The ECB has been reluctant to offer additional stimulus, but the threat of a crippling deflationary spiral is likely to spur action early next year. Meanwhile, the
New Zealand posted a seasonally adjusted current account deficit of NZ$2.5 billion in the third quarter of 2014, Statistics New Zealand said on Wednesday. That follows the NZ$1.01 billion shortfall in the second quarter. Exports of goods fell NZ$380 million, driven by an 11.4 percent fall in dairy product prices. Imports of goods added NZ$325
The dollar inched higher versus European rivals but continued to pull back against the yen after Japanese voters decided to carry on with economic stimulus. Over the weekend, Japanese Prime Minister Shinzo Abe received a fresh mandate in the general elections to continue policies aimed at reviving the economy. Meanwhile, markets were gearing up for
