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...» Read More
The dollar was on track for its biggest weekly gain in two months on Friday as investors bet on the chances of a U.S. interest rate hike.
The dollar index rallied to a seven-week peak, with an easing in jobless claims reinforcing market expectations of a US interest rate hike.
The dollar rose on Wednesday after Federal Chair Yellen reinforced market expectations for a U.S. interest rate hike, possibly as soon as September.
LONDON, July 15- The Australian dollar tiptoed close to its highest in two weeks on otherwise quiet major currency markets on Wednesday, supported by stronger data out of China as traders awaited a speech by U.S. Federal Reserve chair Janet Yellen. Sterling, a major outperformer on Tuesday after Bank of England officials spoke of the growing likelihood of...
The dollar posted moderate losses against the euro and yen on Tuesday.
Jonathan Cavenagh, Senior FX Strategist at Westpac, says the euro could hit 1.05 or 1.06 per dollar over the next two to three months.
Toby Lawson, Managing Director of Societe Generale Newedge, says foreign investors still feel spooked from Beijing's recent intervention, but he doesn't expect that to last for too long.
Steven Englander, Global Head of G10 FX Strategy at Citibank, says a September rate hike is increasing looking likely now that Greece has received a bailout and China stock markets are stabilizing.
The dollar strengthened across the board on Monday after euro zone leaders clinched a deal with Greece in an all-night summit.
Dominic Schnider, Head of Commodity & APAC Forex at UBS Wealth Management, explains his optimism even as an emergency summit in Brussels continues into Monday.
The euro advanced across the board on optimism Greece was making progress in efforts to secure funding and stay in the euro zone.
Elias Haddad, senior currency strategist at Commonwealth Bank, discusses the retreat in the safe-haven yen against the greenback amid growing signs of a Greek deal.
Martin Lakos, division director at Macquarie Private Wealth, says the correction in Chinese shares is inevitable following a sharp run-up and it is unlikely to have a dramatic impact on the wealth effect.
Sally Auld, fixed income and FX strategist at JP Morgan, expects the euro to fall to $1.05 against the greenback by year-end on the back of diverging monetary policies in the U.S. and Europe.
The safe-haven yen and Swiss franc fell on Thursday after Chinese stocks rebounded.
The yen rose to a seven-week high against the dollar on Wednesday, as investors bought the Japanese currency for safety.
The euro will dip if Greece leaves the euro zone, but a protracted downtrend is unlikely, FX strategist Jens Nordvig says.
Adarsh Sinha, head of Asia Pacific G10 FX Strategy at BofA Merrill Lynch Global Research, explains why he is shorting the Australian dollar versus the Japanese yen.
*Aussie shaky but off six-year low of $0.7398. SYDNEY, July 8- The euro steadied early on Wednesday, having climbed off a five-week trough in line with a rebound in risk assets as the latest emergency meeting of European leaders ended with a sliver of hope still left for Greece. The Australian dollar, usually sold off in times of heightened risk aversion, bounced to...
The euro fell more than 1 percent against a buoyant U.S. dollar on Tuesday.