The euro traded lower on Thursday, having rallied 1.5 percent on a trade-weighted basis since China devalued the yuan last month.» Read More
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.
The dollar slipped from a nearly four-month high after comments stoked uncertainty over whether the Fed would hike rates in September.
The slump in EM currencies could persist well past the Fed's first rate rise, due to Chinese economic weakness and commodity prices that have yet to bottom out, analysts have warned.
Sean Callow, senior currency strategist at Westpac, says the U.S. dollar lost some of its value against most of the major currencies on Friday because July's jobs report wasn't a gamechanger.
Magnus Nicolin, CEO at Ansell, discusses the company's warning on how volatile exchange rates could take a toll on its revenue in the year ahead.
Australian banks and miners will be the losers in this corporate reporting season, says Joe Magyer, senior analyst at The Motley Fool.
The dollar dropped from a near four-month high against a currency basket on Friday, as investors pared back bullish bets following jobs data.
The dollar edged lower against major currencies in choppy trading on Thursday, as investors balanced their positions ahead of Friday's data.
The dollar traded little changed on Wednesday as data showed the U.S. services sector expanded at its fastest pace in 10 years.
Todd Elmer, currency strategist at Citi, discusses comments from Dennis Lockhart, Federal Reserve Bank of Atlanta President, that the U.S. economy is ready for its first rate hike in more than nine years.
The dollar rose on Tuesday as a top Fed official voiced support for an interest rate increase in September despite a batch of disappointing data.
*Loonie hits 11- year lows as oil prices sink on China worries. TOKYO/ SYDNEY, Aug 4- The Australian dollar rose on Tuesday after the Reserve Bank of Australia took a more measured view on the currency's weakness, while the Canadian dollar languished at 11- year lows as a continuing selloff in oil prices thrust the loonie and other commodity currencies into the...
The Australian dollar rallied after the Reserve Bank of Australia surprised some by tempering its call for a lower currency, triggering a short squeeze.
With the cash rate sitting at a record low of 2 percent, the Reserve Bank of Australia needs "solid evidence" for further easing, says Sean Fenton, director & portfolio manager at Tribeca Investment Partners.