The US dollar has declined against its all major counterparts after the global stock markets soared as the companies reported earnings more than expected during the second quarter of the year, while the commodities prices gained, increasing the demand for higher yielding currencies.

Moreover, the Australian dollar continues its upside movement versus the greenback as the nation's producer price index inclined in the third quarter, confirming that economic recovery in Australia is on the track, supporting the Aussie's performance.

On the other hand, New Zealand dollar, nicknamed Kiwi, declined after the nation's consumer confidence declined in the 3rd quarter, adding that the RBNZ will leave the rates unchanged until the end of the year.