Dollar climbs to 3-mth high against yen on Abe election win

By Shinichi Saoshiro TOKYO, Oct 23 : The dollar touched a three-month high against the yen on Monday, with an emphatic election victory for Japan’s ruling party keeping yen-weakening stimulus measures at the heart of government policy. Prime Minister Shinzo Abe’s ruling party scored a big win in Sunday’s election with his coalition keeping its […]

NZ dollar tumbles to five-month lows; Aussie off after U.S. tax nod

By Swati Pandey SYDNEY, Oct 20 : The New Zealand dollar sank to a five-month trough on Friday on concerns the new Labour coalition will take a harder stance on immigration and foreign investment than the outgoing centre-right government. The country has been in political limbo since New Zealand’s general election on Sept. 23 in […]

Australian dlr falters as weak retail data mutes rate hike chatter

By Swati Pandey SYDNEY, Oct 5 : The Australian dollar stumbled on Thursday after a second straight monthly fall in retail sales highlighted the need for interest rates to remain at record lows for some while yet. Thursday’s data from the Australian Bureau of Statistics (ABS) showed retail sales dropped 0.6 percent in August, confounding […]

Australia, NZ dollars bounce as market wagers on Fed contenders

By Wayne Cole and Charlotte Greenfield SYDNEY/WELLINGTON, Oct 4 : The Australian and New Zealand dollars bounced on Wednesday as their U.S. counterpart gave back some of its recent gains amid speculation about who might be the next chair of the Federal Reserve. The Aussie popped up 0.4 percent to $0.7864, having touched a three-month […]

Australia dlr slips as RBA sounds relaxed, NZ$ follows

By Wayne Cole and Charlotte Greenfield SYDNEY/WELLINGTON, Oct 3 : The Australian dollar slipped to three-month lows on Tuesday after the country’s central bank held rates steady as expected and cautioned that a higher currency would drag on the economy and inflation. The Aussie was down 0.4 percent at $0.7793 against a broadly firmer U.S. […]

Dollar hits 1-1/2-mth peak as yields rise on improved U.S. economic outlook

By Shinichi Saoshiro TOKYO, Oct 3 : The dollar struck a 1-1/2-month high on Tuesday as Treasury yields rose after a a strong reading for U.S. manufacturing activity hardened expectations for U.S. interest rates to rise by the year-end. The dollar index against a basket of six major currencies was up 0.3 percent at 93.847 […]