Monday saw the dollars of New Zealand and Australia slip in value against the U.S. dollar as the nations' central bank policy makers prepare to convene on Tuesday, Bloomberg reports. The Kiwi's three-straight days of gains against the Japanese yen halted as the Aussie fell to most of its counterpart currencies one day before the… Read more.
The governor of the Bank of New Zealand is keeping the option of an interest rate cut as an option but said the matter hasn't fallen under serious consideration, Bloomberg reports. Alan Bollard said "it's completely a possibility" on Friday during an interview with a New Zealand television station. He said the possibility would fall… Read more.
The value of the dollars of Australia and New Zealand remained competitive against the Japanese yen on Friday, according to Bloomberg. Two consecutive days of gains are linked with the slowdown of the inflation rate in China, the globe's second-largest economic system, Dow Jones News reports. Investors were confident about China deploying further monetary intervention… Read more.
Wednesday saw the Australian dollar and the New Zealand dollar travel in opposite directions, Bloomberg reports. The Aussie slipped against 14 of its 16 top rivals while the Kiwi climbed from its lowest value in six weeks. While technical indicators suggest the New Zealand dollar might be on its way up, the deputy governor of… Read more.
Tuesday saw South Pacific currencies lose value, according to published reports. The Australian dollar dropped to its lowest value in two weeks against the U.S. dollar after the nation's central bank left interest rates unchanged, Bloomberg reports. The New Zealand dollar fell to its lowest value in four weeks after the budget deficit of New… Read more.
Friday saw the monetary unit of Australia climb to its top value in nine months against the Japanese yen, according to Bloomberg. The Reserve Bank of Australia is likely to leave interest rates unchanged when policy makers meet next week, which also helped the dollar's healthy performance against 12 of 16 counterpart currencies this week.… Read more.
Tuesday saw the Australian dollar increase in value against the U.S. dollar as all eyes fell on the European Central Bank and the long-term refinancing operation it is set to embark on, Bloomberg reports. The drive of the LTRO is to fortify debt-hobbled euro zone banks that have been victimized by the sovereign debt crisis,… Read more.
The dollars of Australia and New Zealand advanced on Wednesday against the U.S. dollar, Bloomberg reports. Climbs for the Aussie and Kiwi were spurred by a U.S. economic report noting sales of new homes increased, which cuts down on the probability of the U.S. Federal Reserve administering more quantitative easing. Demand for both monetary units… Read more.
The monetary unit of Australia fell in value against the U.S. dollar on Tuesday, but its losses were tempered by Greece securing its second tranche of bailout aid since June 2010, Bloomberg reports. The Aussie lost value after minutes from the February 7 meeting of the nation's central bank demonstrated monetary easing is on the… Read more.
Friday saw the dollars of Australia and New Zealand climb as Greece appeared en route to receiving funds from its second bailout since June 2010, Bloomberg reports. News indicating the European Central Bank is set to swap Greek exchange bonds for new securities indicated the bailout tranche from the International Monetary Fund and the European… Read more.