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Sunday, December 21, 2014

Dollar Holds Gains on Monetary Policy Divergence; Kiwi Declines

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:28 PM No comments


The dollar held gains from last week against most major peers amid speculation the Federal Reserve will raise interest rates as early as April as other major central banks continue monetary easing.

The U.S. currency advanced to match a two-year high versus the euro after European Central Bank Vice President Vitor Constancio told German magazine Wirtschaftswoche that policy makers arent ruling out quantitative easing. The greenback held a three-day gain against the yen after the Bank of Japan maintained unprecedented stimulus last week. New Zealands dollar fell after a gauge of consumer confidence fell.

The dollar traded at $1.2224 per euro at 8:49 a.m. in Tokyo from $1.2229 on Dec. 19, following a 1.9 percent jump in the previous five days. It earlier touched $1.2220, matching the highest since August 2012. The greenback was little changed at 119.55 yen, after gaining 0.6 percent last week. The single currency bought 146.10 yen from 146.15 in New York.

The New Zealand dollar declined 0.2 percent to 77.42 U.S. cents after a Westpac Banking Corp. index of consumer sentiment fell to 114.8 in the fourth quarter, the lowest level since the three months ended March 2013.

Source : Bloomberg

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