The dollars of New Zealand and Australia were pushing toward sharp monthly gains against the world’s reserve currency on Friday as confidence mounted about stronger economic times ahead in both nations, according to Bloomberg.
The Australian dollar advanced to its four-week high against the world’s reserve currency on Tuesday, benefiting from homes prices climbing higher, according to Bloomberg.
The Australian dollar on Tuesday slipped in value against the world’s reserve currency as its top partner for commerce and trade prepares to release economic data about loans, according to Bloomberg.
The Australian dollar rose against most of its top counterparts on Monday as the South Pacific nation prepared to release strong trade deficit and retail sales data later this week, according to Bloomberg. Expectations are high that the nation’s data is likely to be healthy.
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.
Underwhelming economic data about the housing market pulled down the Australian dollar on Tuesday against the world’s reserve currency as the Aussie dropped near its three-year low against the dollar, Bloomberg reports.
The Australian dollar on Thursday lost value against the U.S. dollar, slumping to its trough of nearly 24 months against the world’s reserve currency, Bloomberg reports.
The Chinese yuan on Tuesday achieved a second-straight day of advances against the U.S. dollar, Bloomberg reports.
The Australian dollar dropped to its lowest value since October 2011 against the world’s reserve currency on Wednesday amid concerns that mining investment is slowing, Bloomberg reports.
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.