The U.S. dollar and yen fell on Monday and the Australian dollar hit a one-year high, after a meeting of global finance chiefs boosted investor appetite for growth-related "riskier" assets like commodities and stocks.
Investors were slightly more inclined to put on trades after Group of 20 finance ministers and central bankers agreed to continue implementing expansionary monetary and fiscal policy, analysts said. [ID:nL5327479]
New draft rules in China to ease investment limits also boosted broad market sentiment, which pushed European shares up 1.8 percent .FTEU3 and oil up 1 percent .CLc1. [ID:nPEK33586]
Gold also neared $1,000 an ounce XAU which, along with strong Australian jobs data, helped hoist the Australian dollar to its highest levels in a year, while the New Zealand dollar neared its strongest in almost a year ahead of the Reserve Bank of New Zealand meeting this week.
But trading was thin thanks to the U.S. Labor Day holiday.
"There wasn't a big market reaction to G20, but in general the outcome was seen as pro-risk appetite, mainly because there will be no early exit from the stimulus packages," said Robert Minikin, currency strategist at Standard Chartered in London.
Investors were slightly more inclined to put on trades after Group of 20 finance ministers and central bankers agreed to continue implementing expansionary monetary and fiscal policy, analysts said. [ID:nL5327479]
New draft rules in China to ease investment limits also boosted broad market sentiment, which pushed European shares up 1.8 percent .FTEU3 and oil up 1 percent .CLc1. [ID:nPEK33586]
Gold also neared $1,000 an ounce XAU which, along with strong Australian jobs data, helped hoist the Australian dollar to its highest levels in a year, while the New Zealand dollar neared its strongest in almost a year ahead of the Reserve Bank of New Zealand meeting this week.
But trading was thin thanks to the U.S. Labor Day holiday.
"There wasn't a big market reaction to G20, but in general the outcome was seen as pro-risk appetite, mainly because there will be no early exit from the stimulus packages," said Robert Minikin, currency strategist at Standard Chartered in London.
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