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The Australian dollar is poised to mark another week of losses against the New Zealand dollar on Friday as the Reserve Bank of Australia is likely to cut borrowing costs next Tuesday when it convenes, Bloomberg reports. Speculation also is mounting that the central bank of the U.S. will not reduce measures to spur the… Read more.
The reduced pace of production in China tugged down the monetary unit of Australia against many of its counterpart currencies on Tuesday, prompting speculation about the likelihood of additional intervention by the Reserve Bank of Australia, Bloomberg reports. For a third-straight day, the Australian dollar has lost value against the U.S. dollar. Australian and New… Read more.
Thursday saw the Australian dollar lose value against the majority of its counterpart currencies, strengthening speculation that the central bank of the South Pacific nation will slash interest rates to prompt development and growth, Bloomberg reports. The yields on three-year Australian bank notes dipped on Thursday after two-straight trading sessions of gains. New Zealand's manufacturing… Read more.
Thursday saw the monetary unit of Japan hover against the world's reserve currency after the finance ministry of the Pacific Rim nation released economic data noting its foreign bond sales for last week was strong, Bloomberg reports. The yen has lost 6.6 percent of its value against the U.S. dollar since the Bank of Japan's two-day… Read more.
Wednesday saw the Australian and New Zealand dollars push higher against counterpart currencies on foreign exchange markets after key trade partner China released strong economic data, Bloomberg reports. The Asian nation released data indicating the growth of imports, which brightens trade prospects for the South Pacific countries. But the Aussie is likely to be impacted… Read more.
The dollars of Australia and New Zealand gained in value during the Tuesday trading session as monetary easing policies continued in the U.S. and Japan, Bloomberg reports. Both Pacific nations' saw bond yields buoyed by stimulus programs in the U.S. and Japan. The Australian dollar pushed to its highest value in more than 48 months… Read more.
The New Zealand Kiwi on Thursday pushed higher in value against its rival monetary units after economic data revealed the nation enjoyed gross domestic product develop during the final quarter of last year more rapidly than any time in the past three years, Bloomberg reports. From the third to the fourth quarter of 2012, gross domestic product… Read more.
The dollars of Australia and New Zealand advanced on Tuesday against the Japanese yen as speculation grew about the central bank of Japan preparing to continue implementing monetary stimulus despite a changing of the guard, Bloomberg reports. Bank of Japan governor nominee Haruhiko Kuroda said during Monday confirmation hearings that he is set to continue… Read more.
The reduced pace of Chinese factory production to kick off this year pulled down the Australian dollar on Monday against the majority of its counterpart currencies, Bloomberg reports. Though the metric rose 9.9 percent during January and February of this year as compared to the same period of 2012, a Bloomberg survey revealed economists' median… Read more.
Friday saw the Australian dollar slip against the majority of its top rivals after economic data released by China noted imports fell more than expected in February, Bloomberg reports. The customs administration of the Asian nation, which is Australia's top trade and commerce partner, indicated imports last month fell 15.2 percent as compared to figures… Read more.