Safe havens yen, franc retreat, kiwi jumps after RBNZ meeting
A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel
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HONG KONG, Feb 23 (Reuters) – The dollar was on the front foot against the safe-haven Japanese yen and Swiss franc on Wednesday, as whipsawed markets looked to get a handle on the latest developments around Ukraine, though heightened nervousness kept most major pairs fairly muted .
Away from the threat of a full-scale Russian invasion of Ukraine, the New Zealand dollar jumped 0.44% after the Reserve Bank of New Zealand raised interest rates, and said more tightening could be necessary. read more
One U.S. dollar was worth 115.03 yen in early Asia trade, with the greenback having climbed steadily overnight from its near three-week low of 114.48 hit Monday, and at 0.9210 francs , after a 0.63% overnight rally.
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