(Reuters) - The dollar hit a 22-year low against the New Zealand
currency and held near last week's record low versus the euro,
weighed by expectations that U.S. interest rates will stay on
hold when other major central banks are raising rates, boosting
yield on their currencies.
Fresh optimism about global economic growth grew on Friday
after upbeat second-quarter earnings boosted U.S. stocks to
record highs. This helped to ease concerns about the impact on
the U.S. economy of potential fallout from the U.S. high-risk
mortgage sector, which weighed on shares last week.
Read more at Reuters.com Bonds News
currency and held near last week's record low versus the euro,
weighed by expectations that U.S. interest rates will stay on
hold when other major central banks are raising rates, boosting
yield on their currencies.
Fresh optimism about global economic growth grew on Friday
after upbeat second-quarter earnings boosted U.S. stocks to
record highs. This helped to ease concerns about the impact on
the U.S. economy of potential fallout from the U.S. high-risk
mortgage sector, which weighed on shares last week.
Read more at Reuters.com Bonds News
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