The reduced pace of Chinese factory production to kick off this year pulled down the Australian dollar on Monday against the majority of its counterpart currencies, Bloomberg reports. Though the metric rose 9.9 percent during January and February of this year as compared to the same period of 2012, a Bloomberg survey revealed economists' median… Read more.
Remarks by the top official with the central bank of New Zealand pulled down the nation's monetary unit on Wednesday against all 16 of its major counterparts, Bloomberg reports. While addressing manufacturers and exporters in Auckland, Governor Graeme Wheeler with the Reserve Bank of New Zealand said intervention is readily available and a very viable… Read more.
Friday saw the Japanese yen climb to its top level in two weeks against the shared currency of the European Union as speculation mounted about the Pacific Rim nation falling under scrutiny at the Group of 20 meetings in Moscow, Bloomberg reports. The yen is on a four-day climb against the world’s reserve currency. But… Read more.
The Japanese yen moderately lost value on Thursday following two days of gains after the central bank decided to persevere with asset purchases as a method of spurring the globe’s third-largest economy, Bloomberg reports. Two consecutive days of gains for the monetary unit of the Pacific Rim nation halted as a prospective head of the… Read more.
The common currency of the European Union lost value on Thursday after economic data demonstrated the 17-nation bloc fell further into a recession, Bloomberg reports. The two largest economies of the euro zone, Germany and France, saw gross domestic product fall during the final three-month period of last year. The European Union statistics office noted… Read more.
Monday saw the Canadian dollar lose value against the currencies of Australia and New Zealand as the probability of more international investment in China grew, according to Bloomberg. The loonie fell against the majority of its 16 major rivals as Chinese stocks demonstrated their top gains in nearly one month after the China Securities Regulatory… Read more.
Tuesday saw the Australian dollar lose value for the first time in three trade sessions after the nation released economic data noting it endured its biggest trade deficit in more than four years, Bloomberg reports. New Zealand's monetary unit also slipped on Tuesday as the Kiwi monitored the slippage of Asian equities, prompting losses to… Read more.
The Australian dollar dropped against each of its 16 major counterpart currencies on Thursday as U.S. political leaders facing a daunting deadline prepared to convene again to discuss staving off next year's automatic implementation of more than $600 million in tax hikes and spending cuts, Bloomberg reports. The Aussie was heading toward its top losses… Read more.
South Pacific monetary units gained in value Friday against the U.S. dollar after top trade partner China released surprisingly strong economic data, Bloomberg reports. Australia and New Zealand saw outlooks for exports brighten since the nations share a strong commerce, export and trade relationship with the Asian nation. But gains to the Aussie were capped… Read more.
The value of the monetary unit of New Zealand drove toward its top level in 180 days Thursday against the Japanese yen after the South Pacific nation's central bank left interest rates intact while noting the sentiment of the business climate has grown better, Bloomberg reports. The kiwi pushed ahead against the world's reserve currency… Read more.