Graeme Wheeler

Euro falls to 22-month low versus dollar on diverging rate outlooks

The euro hit a 22-month low against the dollar on Thursday on the prospect of diverging monetary policy between the Federal Reserve and the European Central Bank as rate differentials swing decisively in the greenback's favor.

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Dollar holds broad gains, NZ dollar stung by RBNZ

The U.S. dollar held near a six-year peak against the yen early on Thursday and powered to a seven-month high on its New Zealand peer, which fell after the country's central bank said its current level is "unjustified and unsustainable".

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