(Reuters) - The dollar slipped to multiyear lows against higher-yielding currencies on Monday as investors braced for reports this week expected to provide little impetus for the Federal Reserve to tighten monetary policy.
The New Zealand dollar rose to its highest level since it was freely floated 22 years ago after strong inflation data boosted expectations of an interest rate hike next week. The Australian dollar hit an 18-year peak, while traders pushed sterling above $2.04 for the first time in over a quarter of a century.
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The New Zealand dollar rose to its highest level since it was freely floated 22 years ago after strong inflation data boosted expectations of an interest rate hike next week. The Australian dollar hit an 18-year peak, while traders pushed sterling above $2.04 for the first time in over a quarter of a century.
Read more at Reuters Africa
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