The Australian dollar’s persistent buoyancy won’t last forever, ANZ said, keeping a bearish view even as it raised its near-term forecasts.
The dollar was weighed down by investors' lack of belief in the chances of a rise in U.S. interest rates this year.
The USD/JPY could dip down to 96 levels in the next two months, but will stabilize if the Fed delivers a rate hike, says Westpac Bank's Sean Callow.
The dollar fell to a seven-week low against a basket of major currencies on Thursday.
The Aussie dollar is slightly overvalued based on Australia's terms of trade, says Barclays' Mitul Kotecha.
After the release of the minutes, the U.S. dollar hit a session low against the yen while the euro touched a session high against the dollar.
The dollar hit its lowest in seven weeks on Tuesday, dipping below 100 yen for the first time since June.
Australia's central bank saw room for faster growth when it cut rates earlier this month, predicting below-target inflation for two more years.
TD Securities' Annette Beacher says the RBA August meeting minutes don't suggest any urgency on the central bank's part to cut rates.
Australia's low inflation is giving the central bank a free pass to cut interest rates again, says CommSec's Savanth Sebastian.
The dollar was softer, pegged back by sluggish U.S. data that tempered expectations of a Federal Reserve interest rate hike.
Australian firms' forward guidance have been more positive, but the strong Aussie dollar might pose some headwinds, says Macquarie WM's Martin Lakos.
The AUD/USD pair is likely to trade in a tight range and hover towards $0.76, says Maybank's Saktiandi Supaat.
The dollar held lower at the end of a week dominated by flows into higher-risk currency plays like the Australian and Canadian dollars.
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.