The dollar's appreciation has "peaked" and the U.S. economy is "doing nothing," an economist has told CNBC.
The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note.
The dollar rose to its highest level this week on Thursday after the U.S. Federal Reserve took another step towards raising interest rates.
The euro whipsawed against the dollar on Wednesday after the Federal Reserves said it would leave interest rates unchanged.
Emerging market currencies were eyed by investors on Wednesday as weak oil prices, China's market pain and after the Federal Reserve left its interest rates unchanged.
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...
The U.S. dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies.
The U.S. dollar hovered around a nearly two-week low against a basket of major currencies on Monday.
Robert Rennie, global head of FX strategy at Westpac Bank, expects factors such as the persisting slide in commodity prices and questionable growth in China to accelerate the fall in commodity currencies.
The dollar rose against a basket of currencies on Friday in choppy trade.
NEW YORK, July 24- The U.S. dollar edged up against most other major currencies Friday on data pointing to sluggish overseas economic growth, while the Australian dollar sagged to a six-year low after a Chinese manufacturing gauge fell to its weakest in 15 months. That has sparked a play into the dollar, "said Joe Manimbo, senior market analyst at Western Union...
NEW YORK, July 24- The U.S. dollar rose against most other major currencies on Friday on data pointing to sluggish overseas economic growth, while the Australian dollar sagged to a six-year low after a Chinese manufacturing gauge fell to its weakest level in 15 months. That has sparked a play into the dollar, "said Joe Manimbo, senior market analyst at Western Union...
LONDON, July 24- The Australian dollar sank to a six-year low and other currencies closely related to global commodities prices were under pressure on Thursday after the worst reading on sentiment in Chinese manufacturing in more than a year. With the euro, yen and dollar in tight ranges, eyes were also on the yuan, China's long closely controlled currency, which...
TOKYO, July 24- The euro hovered near one-week highs against the dollar on Friday on relief from Greece taking another step towards a bailout, while the Australian dollar sank to a six-year low after weak China factory data. The Aussie, often used as a liquid proxy for China trades, hit a six-year trough of $0.7295 after the flash Caixin/ Markit July Manufacturing...
Paul Mackel, head of Asia currency research at HSBC, says the preliminary gauge of China's manufacturing activity signals that commodity currencies may face further downward pressure.
The euro strengthened on Thursday, briefly rising above $1.10 for the first time in a week.
Elias Haddad, senior currency strategist at Commonwealth Bank, attributes the New Zealand dollar's relief rally to factors such as positioning adjustments and a tweak in the central bank's policy statement.
John Doyle, director of markets at Tempus, says the New Zealand dollar is seeing a kneejerk reaction to the rate cut and the currency will likely "mellow out" later in the session.
The dollar rose after its biggest fall in a month the previous session, while sterling gained in response to minutes from the Bank of England's last meeting.
Australia's top central banker Stevens said interest rate cuts remained on the table, but cautioned too much easing could lead to longer-term dangers.