During early European deals on Monday, the British pound partly pared the gains it posted in Asian trading against other major currencies. The pound thus eased from an 11-day high against the franc and a 4-day high against the yen.
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Monday in Asia, the Australian and New Zealand dollars strengthened against their major counterparts, boosted by better risk appetite after stock markets in the regions surged up. The currencies also rose on anticipation interest-rate cuts worldwide will bolster global economic growth.
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The New Zealand dollar surged to an 11-day high against the European currency in early Asian deals on Monday. At the same time, the NZ dollar strengthened to a 4-day high against the greenback and the yen. But the kiwi showed weakness against the aussie today and hit a 4-day low.
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