The New Zealand dollar was up against its major counterpart in late Asian deals on Friday after encouraging economic reports released overnight from the U.S improved investor sentiment.
Currencies & Interest Rates
After Russia announced their warplanes ended drills near Ukraine on Friday, U.S. equities rallied.
As conflict quiets in Ukraine and the U.S. shows signs of pushing back militants in Iraq, Japan’s yen dropped from its three-week high on Monday.
After the European Central Bank President Mario Draghi signaled monetary policy will diverge from the U.S. for an extended period of time, the U.S. dollar climbed to an almost nine-month high against the euro
On Tuesday, the pound to euro exchange rate is reportedly 0.03 percent higher on a day-to-day basis having last been quoted at 1.2569.
The euro traded at almost its lowest level versus the dollar since November as investors bet on a decline in the currency prior to the region’s central bank meeting this week.
Data showing that the economy expanded in May failed to temper fears that growth is lagging behind that of the country’s largest trading partner, the U.S., leading Canada’s dollar to drop to its weakest level in nearly two months.
The dollar hovered below a 10-month peak against several major currencies on Thursday.
The New Zealand dollar has begun to decline after rising to an all-time high a few weeks ago, increasing 5 percent between September of last year and the middle of July.
Sweden’s krona weakened as a recent report showed the largest Nordic economy grew by less than expected last quarter.