South Pacific currencies dropped in value Monday, the first trading session following the Group of 20 meetings' adjournment in Paris after two days of meetings ended on Saturday, according to published reports. Bloomberg reports both the Australian and New Zealand dollars slipped but not as much as they could have due to Asian stocks resuming… Read more.
New Zealand Dollar
Officials with Group of 20 nations at the summit in France lent support to plans to resolve the sovereign debt crisis, which pulled down the Japanese yen, according to Bloomberg. As European stocks increased in value, safe-haven investment assets like the yen lost value to the dollar as the Japanese monetary unit approached its lowest… Read more.
Increased pressure on euro zone officials to solve the sovereign debt crisis prompted the Japanese yen and the U.S. dollar to drop in value as global stocks rallied following officials' efforts to address the crisis and prevent the contagion from further spreading, according to Bloomberg. Three currencies that advanced against the world's reserve currency are… Read more.