Monday saw the Australian and New Zealand dollars benefit from advancement in Greece as the Aegean nation's parliament voted up deep austerity measures to secure its second bailout tranche since June 2010, according to Bloomberg. Both the Aussie and the Kiwi climbed in value against the U.S. dollar and the Japanese yen. Economic data released… Read more.
Monday saw the monetary unit of Australia lose value to the U.S. dollar after the nation released economic data stating spending in the retail sector fell, Bloomberg reports. The news is likely to influence the Reserve Bank of Australia to drop interest rates when its officials meet on Tuesday. The Australian dollar also edged downward… Read more.
The dollars of Australia and New Zealand avoided volatility and performed strongly on Wednesday, drawing influence from uplifting economic data regarding manufacturing in China, Europe and the U.S., according to Bloomberg. When compared with the U.S. dollar, the Kiwi achieved its top value in four months while the Aussie notched its best value since October… Read more.
The dollars of Australia and New Zealand drove to their top values in three months when held against the U.S. dollar on Monday, according to Bloomberg. As U.S. reports set for release this week will show economic growth in the nation hosting the globe's largest economy is advancing rapidly, the Aussie and Kiwi also climbed… Read more.
The monetary units of Australia and New Zealand were pushing toward accomplishing five consecutive weeks of advances against the world's reserve currency on Friday, Bloomberg reports. Uplifting news about efforts to rein in the sovereign debt crisis and the damaging tendencies it is having on the euro zone was driving up the value of the… Read more.
Friday saw South Pacific monetary units suffer from threats to euro zone economies' credit ratings as the dollars of Australia and New Zealand slipped to the greenback, according to Bloomberg. When the euro zone's second-largest economy, that of France, was noted as losing its unblemished AAA rating, losses to the Kiwi from Thursday continued for… Read more.
Thursday saw South Pacific currencies perform strongly in response to economic data indicating Chinese inflation drew down for a fifth-straight month, according to Bloomberg. The New Zealand dollar touched its top price in two months against the world's reserve currency while also driving higher in value against the Japanese yen. The value of the Australian… Read more.
The monetary units of Australia and New Zealand advanced to their highest price in one week on Wednesday when compared with the world's reserve currency, Bloomberg reports. Propelled upward by an elongated rally of Asian equities, both nations' dollars also benefited from the demand for assets that deliver higher yields. The Aussie achieved its top… Read more.
News about the death of the leader of a communist nation in the Pacific region pulled down the monetary units of Australia and New Zealand, according to Bloomberg. But the Kiwi's losses also are attributable to worries about euro zone leaders' troubles controlling the sovereign debt crisis. The Aussie's losses to 15 of its 16… Read more.
The likely prospect of interest rates being lowered when the Reserve Bank of Australia convenes on Tuesdaypulled down the value of the Australian dollar, according to Bloomberg. The Aussie set a trajectory for the New Zealand dollar, which dove after the Treasury Department of New Zealand reduced forecasts for economic growth and development. The performances… Read more.