Daily Forex News

During early European deals on Monday, the New Zealand dollar eased from a 4-day high against the Aussie. On the other hand, the kiwi recovered the losses in suffered in Asian trading against the currencies of US, Europe and Japan.

During early deals on Monday, the dollar showed mixed trading against its major counterparts on optimism about U.S. economic stimulus and financial bailout measures. While the dollar advanced against the euro and the franc, it dropped from a 1-month high against the yen. Against the pound, the dollar traded near a 3-week low.

The Swiss franc showed mixed trading against its major counterparts in Asian trading on Monday. While the franc advanced against the euro and the pound, it fell from a 3-week high against the yen. Against the dollar, the franc remained lower during this time.

Monday in Asia, the South Korean won slipped its US and Japanese counterparts as South Korea’s annual producer price inflation in January declined for a sixth consecutive month to its slowest pace in one year on lower raw material prices and sluggish domestic demand.

The yen that weakened against its major counterparts in early Monday Asian trading reversed direction around 6:10 pm ET. The yen thus recovered from a 1-month low against the dollar and the pound and a 3-week low against the euro and the franc.