The New Zealand dollar surged after its central bank made a smaller interest rate cut than some had expected.
The U.S. dollar fell broadly on Wednesday as U.S. Treasury yields fell and investors waited on a speech by Fed Chair Janet Yellen.
*Pound recovers to trade above $1.30. LONDON, Aug 10- The dollar fell against a basket of currencies on Wednesday as investors re-evaluated whether the Federal Reserve will raise interest rates this year, which also sent the higher-yielding Australian dollar to its loftiest level since late April. The euro rose 0.5 percent to $1.1173, touching a 5- day high of...
The Kiwi-Aussie dollar cross is one way to play the currency markets, says Saxo Capital Markets' Kay Van-Petersen.
The market will only focus on Fed risk after it has bypassed near-term event risks such as the U.S. elections, says JPMorgan's Jonathan Cavenagh.
Sterling fell against the dollar after the Bank of England hinted at further easing.
This comes ahead of a week of data likely to feed the debate on the chances of a rise in U.S. interest rates this year.
The U.S. dollar reversed losses to trade about a third of a percent higher Friday after the headline figure on the July employment report topped expectations.
The RBA said inflation was likely to remain below target until 2018, leaving the door open to more rate cuts.
Sterling saw its biggest falls since the aftermath of June's Brexit vote.
The BOE faces a classic case of damned if you do, damned if you don't, reckons Michael Every, Rabobank's Head of Financial Markets Research.
GBP/USD will drop below 1.2 in the next year due to a significant current account deficit and slowing FDI, says StanChart's Asia FX strategist, Divya Devesh.
The dollar gained as ADP jobs data revealed new U.S. private sector jobs, suggesting an improving labor market.
USD/JPY is stuck in range with verbal intervention kicking in at the 100 level, says Bank of Singapore's FX strategist, Sim Moh Siong.
The euro rose above $1.12 for the first time in more than a month, while the yen hit its strongest in three weeks.
LONDON, Aug 2- The euro rose above $1.12 for the first time in more than a month on Tuesday while a cut in Australian interest rates failed to weaken the Australian dollar as the fallout of poor GDP data continued to weigh on the U.S. currency. The yen hit its strongest in three weeks, pushing past 102 yen per dollar for the first time since early July after Japan's...
The RBA cut its benchmark interest rate by 25 basis points on Tuesday to a fresh record low of 1.50 percent amid signs of slowing growth.
SINGAPORE/ TOKYO, Aug 2- The dollar hovered near three-week lows on Tuesday after soft U.S. economic data undermined the case for an early Federal Reserve rate hike, while the Australian dollar slipped briefly after the Reserve Bank of Australia cut interest rates. The influential Institute for Supply Management's index of national factory activity dropped...
Irrespective of a RBA rate cut, the Australian dollar looks well-supported, says Credit Suisse's senior FX strategist, KH Heng.
Australia's housing market may be frothy, but it doesn't appear likely to be a bursting bubble anytime soon, this big broker indicates..