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..
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 braced for the probability of a policy easing later in the day. The influential Institute for Supply Management's index of national factory activity dropped to 52.6 in July from...
The dollar recovered after its poorest weekly performance in three months, while the yen weakened after surging more than 3 percent.
The yen soared against the dollar after a round of modest monetary policy easing from the Bank of Japan disappointed investors.
The dollar fell against the yen as expectations faded of the Bank of Japan delivering a radical stimulus package this week.
The U.S. dollar gained against the euro and the yen after the Federal Reserve left the federal funds rates unchanged on Wednesday.
Australia's underlying inflationary pressures are still soft but are widely expected to pick up, says Urbis Chief Economist Nicki Hutley.
The yen hit a high against the euro and rose against the dollar as traders lower expectations of a Japanese stimulus injection.
The pound is expected to push even lower, according to currency analysts, as the first signs emerged of the impact it's giving to the business sector.
The dollar inched up against the yen ahead of meetings at the Bank of Japan and the Fed which investors expect to be dollar-positive.
The dollar index also hit its highest level since March.
The dollar fell after a six-week high against the yen, while the Euro showed little change after ECB keeps policy unchanged.
UBS WM's Wayne Gordon says the Fed might hike rates as soon as December because of improving U.S. data, which might lead to an unwinding of carry trades.
The dollar hit a four-month high against a basket of currencies, bolstered by strong U.S. data and expectations of Fed rate rises.
The long and steady decline in the Australian dollar from $0.93 to $0.69 has paused and developed a significant reversal pattern.
The dollar rose against a basket of major currencies after U.S. housing starts rose by more than expected in June.
The Yen slips broadly as Turkey quells an attempted military coup, while calm in UK prompts sterling bump.