After weeks of steady declines, some investors are choosing to reinvest in the dollars of Australia and New Zealand, according to Bloomberg. The South Pacific currencies have been hurt primarily by the strong risk-off atmosphere created by the ongoing debt crisis in Europe, particularly as concerns mount that Greece might be forced to leave the… Read more.
The Australian dollar lost value against the U.S. dollar and the Japanese yen on Tuesday after the nation's central bank reduced interest rates more than expected, published reports indicate. The Aussie lost more than 1 percent of its value against the U.S. dollar and investors gravitated toward the Japanese yen after the Reserve Bank of… Read more.
The dollars of Australia and New Zealand fell in value against the U.S. dollar on Tuesday, pulled down by widening concerns for Spain and the sovereign debt crisis attacking it, Bloomberg reports. The South Pacific monetary units marked three-straight days of losses against the world's reserve currency as the Aussie also was tugged down by… Read more.
The dollars of Australia and New Zealand were gaining in value on Wednesday as assets considered riskier came under increased demand, Bloomberg indicates. Stronger business sentiment in New Zealand benefited the Kiwi against the Japanese yen as compared to late last year. The Aussie recovered from dips that closed the Tuesday trading session. "The big… Read more.
Tuesday saw the Australian dollar head toward its lowest value since October of last year against the New Zealand dollar, Bloomberg reports. Prompting losses to the Aussie was the Reserve Bank of Australia noting it might be inclined to implement monetary easing. The currency of New Zealand held its gains against the greenback after a… Read more.
Wednesday saw the South Pacific dollars lose value against major rival currencies, Bloomberg News indicates. Both the Aussie and the Kiwi are set to mark a dubious achievement: for the first time in 2012, both monetary units are hurtling toward monthly losses. A primary driver of those unhealthy performances are preoccupations about the reduced pace… Read more.
The dollars of Australia and New Zealand remained high against the world's reserve currency on Friday amid strong demand for higher-yielding assets, Bloomberg reports. But concerns are growing for the job market in Australia as well as business prospects, according to a member of the board of the central bank. "The Australian economy slowed in… Read more.
Thursday saw the Australian and New Zealand dollars drop to their lowest values in seven weeks against the world's reserve currency, Bloomberg reports. The South Pacific currencies dropped as a consequence of the strengthening U.S. dollar, according to Dow Jones Newswires. Uplifting economic data about the globe's largest economy, such as the strengthening labor market,… Read more.
The dollars of Australia and New Zealand lost value to the U.S. dollar on Wednesday in the aftermath of U.S. Federal Reserve policy makers opting against an additional round of monetary easing, stating the pace of the U.S. economy's development is sufficient, Bloomberg reports. But the Federal Open Market Committee did not rule out the… Read more.
The dollar of Australia and New Zealand climbed in value on Tuesday, putting the kibosh on three-straight days of losses, Bloomberg reports. Significant anticipation is tracking the policy making arm of Chairman Ben Bernanke's U.S. Federal Reserve, which is slated to meet Tuesday, according to Dow Jones Newswires. Investors are keeping an eye out for… Read more.