Currencies linked to commodities prices recovered after a rough few weeks, as oil steadied and Australia's central bank changed its tone.» Read More
Savanth Sebastian, equities economist at CommSec, says the Reserve Bank of Australia is unlikely to cut rates following resilient job growth and a weaker Australian dollar.
Matthew Circosta, economist at Moody's Analytics, says Tuesday's retail sales and trade data are headed in the right direction hence the Reserve Bank of Australia will likely leave interest rates on hold.
While declining gold prices will inevitably hurt revenue, gold miners are getting help from falling local currencies and oil costs, says Greg Foulis, CEO of Kingsgate Consolidated.
Matthew Hegarty, senior analyst at Antipodes Global Investment Partners, says the Reserve Bank of Australia (RBA) sees no incentive to lower interest rates on the back of a weaker Aussie dollar.
Ian Murray, executive chairman at Gold Road Resources, says some miners are "making good money" from the current gold price in Australian dollars. He later introduces the company's latest discovery: the Gruyere deposit.
Paul Bloxham, chief economist for Australia and New Zealand at HSBC, expects the Reserve Bank of Australia to keep interest rates steady following the recent fall in the Australian dollar.
The dollar gained as investors looked ahead to jobs data on Friday that is expected to show a still strengthening labor market.
The dollar's appreciation has "peaked" and the U.S. economy is "doing nothing," an economist has told CNBC.
The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note.
The dollar rose to its highest level this week on Thursday after the U.S. Federal Reserve took another step towards raising interest rates.
The euro whipsawed against the dollar on Wednesday after the Federal Reserves said it would leave interest rates unchanged.
Emerging market currencies were eyed by investors on Wednesday as weak oil prices, China's market pain and after the Federal Reserve left its interest rates unchanged.
LONDON, July 29- Major currencies that are closely linked to commodities prices were back on the defensive on Wednesday as oil prices fell again and traders awaited the outcome later in the day of a U.S. But even with a more encouraging tone on China's stock markets limiting the damage, the Canadian and Australian dollar were both down by 0.2-0.3 percent in...
The U.S. dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies.
The U.S. dollar hovered around a nearly two-week low against a basket of major currencies on Monday.
Robert Rennie, global head of FX strategy at Westpac Bank, expects factors such as the persisting slide in commodity prices and questionable growth in China to accelerate the fall in commodity currencies.
The dollar rose against a basket of currencies on Friday in choppy trade.
NEW YORK, July 24- The U.S. dollar edged up against most other major currencies Friday on data pointing to sluggish overseas economic growth, while the Australian dollar sagged to a six-year low after a Chinese manufacturing gauge fell to its weakest in 15 months. That has sparked a play into the dollar, "said Joe Manimbo, senior market analyst at Western Union...
NEW YORK, July 24- The U.S. dollar rose against most other major currencies on Friday on data pointing to sluggish overseas economic growth, while the Australian dollar sagged to a six-year low after a Chinese manufacturing gauge fell to its weakest level in 15 months. That has sparked a play into the dollar, "said Joe Manimbo, senior market analyst at Western Union...
LONDON, July 24- The Australian dollar sank to a six-year low and other currencies closely related to global commodities prices were under pressure on Thursday after the worst reading on sentiment in Chinese manufacturing in more than a year. With the euro, yen and dollar in tight ranges, eyes were also on the yuan, China's long closely controlled currency, which...