Investing.com – The Australian and New Zealand dollars were hovering at four-month highs against their U.S. counterpart on Monday, as the broadly stronger euro continued to weigh heavily on the greenback despite Friday’s mostly positive U.S. data.
rose 0.34% to 0.7944, the highest since September.
The euro strengthened broadly after Thursday’s minutes of the European Central Bank’s December meeting said officials could consider a gradual shift in policy guidance from early 2018.
Any changes to the bank’s guidance would likely be seen by investors as an indication that policymakers are preparing to start winding down their bond buying stimulus program.
The dollar shrigged off data on Friday showing that underlying U.S. consumer prices in December, adding to expectations that inflation will accelerate this year.
was up 0.28% to trade at 0.7268, just off a four-month peak of 0.7283 hit overnight.
The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at a three-year low of 90.59 by 02:10 a.m. ET (06:10 GMT).
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