The dollars of the South Pacific slumped against the majority of their top rivals on Thursday, tugged down by persistent concerns about what the central bank of the U.S. will do regarding its economy-spurring measures, Bloomberg reports.
Strong U.S. job market data pushed up the greenback on Thursday against the Japanese yen and the common currency of the European Union, providing a brighter outlook for prospects of the world's largest economy, according to Bloomberg. Unemployment benefit applications sank to their lowest in well more than five years and the jobless rate fell to… Read more.
Strong employment data released by both New Zealand and Australia prompted the South Pacific nations' monetary units to gain in value against the majority of their rivals on Thursday, according to Bloomberg. Three consecutive days of losses for the Kiwi against the U.S. dollar ended while the Aussie rose against the monetary unit of Japan… Read more.
The Australian dollar is poised to mark another week of losses against the New Zealand dollar on Friday as the Reserve Bank of Australia is likely to cut borrowing costs next Tuesday when it convenes, Bloomberg reports. Speculation also is mounting that the central bank of the U.S. will not reduce measures to spur the… Read more.
The shared currency of the European Union slipped against the U.S. dollar on Wednesday as the largest economy in the 17-nation bloc is set to release data noting business confidence is waning, according to Bloomberg. Published by the Ifo Institute in Germany, the business climate index is forecast to plunge to 106.2 in April after… Read more.
Thursday saw the Australian dollar lose value against the majority of its counterpart currencies, strengthening speculation that the central bank of the South Pacific nation will slash interest rates to prompt development and growth, Bloomberg reports. The yields on three-year Australian bank notes dipped on Thursday after two-straight trading sessions of gains. New Zealand's manufacturing… Read more.
Wednesday saw the Australian and New Zealand dollars push higher against counterpart currencies on foreign exchange markets after key trade partner China released strong economic data, Bloomberg reports. The Asian nation released data indicating the growth of imports, which brightens trade prospects for the South Pacific countries. But the Aussie is likely to be impacted… Read more.
The dollars of Australia and New Zealand gained in value during the Tuesday trading session as monetary easing policies continued in the U.S. and Japan, Bloomberg reports. Both Pacific nations' saw bond yields buoyed by stimulus programs in the U.S. and Japan. The Australian dollar pushed to its highest value in more than 48 months… Read more.
The New Zealand Kiwi on Thursday pushed higher in value against its rival monetary units after economic data revealed the nation enjoyed gross domestic product develop during the final quarter of last year more rapidly than any time in the past three years, Bloomberg reports. From the third to the fourth quarter of 2012, gross domestic product… Read more.
The dollars of Australia and New Zealand advanced on Tuesday against the Japanese yen as speculation grew about the central bank of Japan preparing to continue implementing monetary stimulus despite a changing of the guard, Bloomberg reports. Bank of Japan governor nominee Haruhiko Kuroda said during Monday confirmation hearings that he is set to continue… Read more.