The New Zealand dollar climbed against other major currencies on Monday in Asia amid a rise in Asian stocks. Asian stocks are trading higher today on the back of a buoyant report on U.S. manufacturing activity. The U.S. Institute for Supply Management said on Friday that its index of activity in the manufacturing sector rose
The dollar was mostly weaker on Thursday, gaining on the safe haven Swiss franc but coming under heavy pressure versus some major rivals amid easing fears about the European sovereign debt crisis. The euro was the day’s big winner as Greece moved closer to a bailout and European Central Bank President Jean-Claude Trichet signaled an
The dollar continued its downward spiral against the safe haven Swiss franc on Tuesday, as many traders remained unconvinced that a bailout for Greece will help avoid an inevitable defaults. Meanwhile, those expecting a Greek rescue to stabilize the region snapped up the euro, leaving the dollar sharply lower versus both European rivals. The only
The euro was mixed in quiet dealing Monday, staying near a record low versus the Swiss franc while seeing little movement against the dollar. The fate of Greece continued to hang in the balance, ahead of this week’s austerity budget vote in Parliament. Greece will receive a second bailout from its euro zone partners if
The dollar was generally stronger on Friday, after an encouraging report from the manufacturing sector raised hopes that recent weakness was a temporary setback on the road to economic recovery. New orders for U.S. durable goods rebounded in May, according to figures released by the Commerce Department on Friday, with revised figures also showing that
