The dollar pared losses on Friday after the release of the latest U.S. nonfarm payrolls report.» Read More
The yen and the euro rose on concerns about China, as investors unwound bets against the two currencies used to fund holding riskier assets.
David de Garis, senior FICC economist at National Australia Bank, talks about Australia's currency and recent decisions by the country's central bank.
Annette Beacher, head of economic research at TD Securities, discusses the Reserve Bank of Australia's (RBA) decision to keep interest rates unchanged on Tuesday.
The dollar lost ground against the yen and the euro as global stock markets began the week in the red, prompting investors to trim bets.
The dollar rose to one-week highs on Friday.
The dollar advanced for a third consecutive session on Thursday, bolstered by data showing a much stronger U.S. economy.
The dollar rallied for a second straight session on Wednesday.
Patrick Bennett, FX strategist at CIBC, says the Australian dollar could fall to 70 U.S. cents if the stock market rout continues. However, the weak Aussie dollar will be advantageous for the economy, he adds.
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...