Strong fix guides yuan higher; Asia follows
AUD, NZD, GBP and EUR make multimonth highs
Fed minutes due at 1900 GMT
SINGAPORE, Nov 21 Reuters The dollar slipped to fresh milestone lows on the euro, yen and other major currencies on Tuesday, as China guided the yuan higher and its strength spurred broader softness for the dollar ahead of minutes from the Federal Reserve.
China39;s central bank set the midpoint of the yuan39;s trading band at its strongest since Aug. 7. The yuan hit an almost fourmonth high of 7.1301 to the dollar in early trade.
The euro rose 0.2 to 1.0963, its highest since midAugust and the dollar was testing or breaking chart support on almost every major pair. The yen rose more than 0.5 to its strongest in seven weeks at 147.5 per dollar.
The New Zealand dollar broke through resistance around 0.6050 to trade 0.6 higher at a threemonth high of 0.6072 by midsession in Asia. The Australian dollar rose 0.4 with the tide to hit a threemonth high of 0.6585.
China39;s firm currency fixing came together with a Bloomberg News report on forthcoming support for the property sector which boosted stocks and the mood, said National Australia Bank strategist Rodrigo Catril in Sydney.
It39;s encouraging the market to think 39;OK, cool, we39;ve seen the worst of CNY weakness,39; he said, using the currency39;s ticker. They39;re telling us they want dollarCNH lower.
Bloomberg News reported Chinese regulators are drawing up a list of 50 developers eligible…