NZ Dollar Advances Against Most Majors
(RTTNews) - The New Zealand dollar strengthened against most major currencies in the European session on Monday.
The NZ dollar rose to a 5-day high of 0.6136 against the U.S. dollar and a 4-day high of 1.7687 against the euro, from early lows of 0.6120 and 1.7725, respectively.
Against the yen, the kiwi surged to a 17-year high of 96.25 from an early low of 97.97.
If the kiwi extends its uptrend, it is likely to find resistance around 0.63 against the greenback, 1.74 against the euro and 98.00 against the yen.
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Yen Falls As Japan GDP Growth Slows In Q3
The Japanese yen weakened against other major currencies in the Asian session on Friday, as weak GDP data dampened expectations for more rate hikes by the Bank of Japan.
Data from the Cabinet Office showed that the Japan's gross domestic product expanded by a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024. That was in line with expectations and down from 0.7 percent in the second quarter.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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Antipodean Currency's Slide Amid Risk Aversion
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NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Thursday.
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U.S. Dollar Advances Ahead Of Key Inflation Data
The U.S. dollar climbed against its major counterparts in the New York session on Monday, as investors await upcoming U.S. inflation data and speeches by Federal Reserve officials for additional clues to the Fed's rate trajectory.
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Yen Falls Amid BoJ Rate-hike Uncertainty
The Japanese yen weakened against other major currencies in the Asian session on Monday, after the Bank of Japan (BoJ) Summary of Opinions from the October meeting revealed that policymakers were split on whether to raise interest rates. Also, the political uncertainty in Japan, raised doubts over the BoJ's ability to tighten its monetary policy further.
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