The dollar index held steady as a sense of calm returned to financial markets, capping off a week when the greenback hit seven-month lows.» Read More
The dollar rose on Tuesday, earning a breather from a slide to seven-month lows against the yen as U.S. Treasury bond yields climbed higher.
The euro hit a 6 1/2-month high and the yen struck a peak against the dollar as investors flocked to safe haven currencies.
Following calls for parity against the dollar just a few months ago, the single currency is now one of the few assets in the world rallying.
Gaurav Sodhi, senior analyst at Intelligent Investor, says Fortescue Metals risks becoming a marginal producer with iron prices set for further losses.
Paul O'Malley, MD & CEO of BlueScope Steel, discusses the near 10 percent rise in the steelmaker's stock following the announcement of a return to full-year profit.
Nev Power, CEO of Fortescue Metals, says the company saw dramatic improvements over the past year in areas such as safety and will continue its focus on cost-cutting moving forward.
The dollar tumbled more than 1 percent against the euro and the yen on Friday.
August’s wave of currency interventions could just be the start of a “race to the bottom,” with several major emerging markets looking set to devalue in the near-future.
SINGAPORE, Aug 21- The Australian dollar tumbled on Friday after a private survey showed that China's factory sector shrank at its fastest pace in 6-1/ 2 years, adding to worries that the world's second-largest economy may be slowing sharply. The Australian dollar slid to $0.7285 at one point and was last trading at $0.7303, down 0.5 percent on the day.
The dollar fell against a basket of major currencies, with investors trimming bets in its favor.
The dollar fell on Wednesday as investors positioned for a U.S. interest rate hike in September pulled back.
*Sterling firm after pick up in UK inflation. SINGAPORE/ SYDNEY, Aug 19- The Australian dollar sagged on Wednesday as weakness in Chinese equities amplified concerns over slowing growth in China, while sterling held firm after a pick up in UK inflation kept prospects of a Bank of England rate hike in play. The euro rose 0.3 percent to $1.1050, inching away from a...
The dollar rose against a basket of currencies for a third trading day running, as worries about a China-led "currency war" abated.
Emerging markets currencies took it on the chin Monday and one analyst has told CNBC that the selling will only intensify.
The dollar rose against a basket of currencies on Friday as U.S. producer prices in July hinted some pickup in inflation.
The U.S. dollar recovered on Thursday after China's central bank said there was no basis for further yuan depreciation and on U.S. data.
SINGAPORE/ TOKYO, Aug 13- The Australian dollar inched higher on Thursday as the yuan's depreciation showed signs of slowing. China's yuan fell for a third day and eased about 0.3 percent to 6.4090 versus the dollar, but held above a four-year low of 6.4510 set on Wednesday, as the central bank said there was no basis for further depreciation given strong economic...
The U.S. dollar fell on Wednesday to its lowest in about a month against a basket of major currencies.
*Markets ponder likelihood of Fed hike in wake of China move. The Aussie, widely considered a proxy for China plays, was last down 0.9 percent at $0.7234, after plunging as low as $0.7217. "Focusing on the Aussie dollar, it's dropping, on concern about what China's official attitude is," said Masashi Murata, senior currency strategist at Brown Brothers Harriman in...
The yuan suffered its biggest fall in over two decades on Tuesday.