The New Zealand dollar fetched 62.91 U.S. cent following the release during early hours of Asian trade Thursday. The kiwi fetched 62.69 U.S. cent ahead of the data. The greenback remained broadly supported by hopes for a U.S. rate hike before the end of the year.
#Forex Charts | The New Zealand rose versus the U.S. namesake after data showed improvement in business confidence. The kiwi dollar fetched 63.90 U.S. cents in early Asian trade Thursday, compared to 63.53 U.S. cents it fetched about 24 hours ago.
Forex Charts | The U.S. dollar index continued its strong trend on Friday morning, trading at 96.25 from 95.45 during early U.S. trading Thursday. The greenback has remained broadly supported by hopes for a U.S. rate hike before the end of the year.
The Pound slipped more than 120 pips, to 1.5353, against the U.S. dollar in early Asian deals Wednesday. It fetched about 1.5477 U.S. dollars ahead of the data on Tuesday. The dollar also remained firms after comments by Fed policymakers indicated that a U.S. rate hike is still on cards this year.
#Forex Charts | The Australian dollar fell against its major counterparts following the release of data. In early Asian trade Tuesday, the Aussie dollar fetched 69.77 U.S. cents, compared with 70.03 U.S cent at the same time on Monday. Meanwhile, a weekly reading of Australian consumer confidence eased last week after recording the largest rise on record in the previous week on the back of an change in Australia’s political leadership. The ANZ-Roy Morgan confidence index slipped 3.4…
#Forex Charts | Although the data supports the case for a Fed rate-hike later this year, the U.S. dollar took a dive late Monday and continued to test price lows in early trade Tuesday. The U.S. dollar index, which measures the greenback's strength against a basket of six major currencies, slipped to 95.90 in early Asian deals, pulling back from Monday’s low of 96.50.
Despite the weak housing data, the US dollar index, which tracks the greenback against a basket of six major rivals, was up at 95.90 during early Asian trade Monday, compared to 95.70 ahead of the report.