With the U.S. Federal Reserve expected to hike rates and the less positive outlook for China, AUD will be headed lower, says Robert Rennie, Westpac Bank.
Australia reported first quarter GDP that beat expected 1.5 percent gain on year.
Axel Merk, Merk Investments, says the Australian economy is "decent" but the biggest risk it faces is China.
The dollar fell to a more than six-week low against the yen, dipping below a key technical level.
Strong company profits will add to GDP, but the weak wage bill is likely to have weighed on consumers, says Joanne Masters, ANZ.
TOKYO, June 6- The dollar held firm early on Tuesday after crawling away from an 18- day low against the yen thanks to a bounce in U.S. yields, while the Australian dollar was steady ahead of a policy decision by the country's central bank later in the day. The U.S. currency was little changed at 110.425 yen after slipping overnight to 110.250, its lowest since May 18.
If the Australian economy accelerates in line with consensus, the Aussie could be heading higher this week, says Elias Haddad, Commonwealth Bank.
The dollar rebounded against the euro as traders doubted that any ECB shift in policy stance could strengthen the euro further.
The dollar fell to seven-month lows on Friday after data showed the U.S. economy created fewer jobs than expected last month.
The dollar rallied on Thursday after a report showed the U.S. economy created more private sector jobs than expected in May.
*China factory activity shrinks in May- Caixin PMI. SINGAPORE, June 1- The Australian dollar tumbled on Thursday after a private survey showed China's manufacturing activity unexpectedly shrank in May, casting a cloud over the global economic outlook. "There have been signs of increased unsteadiness in China's economic conditions, starting from May onwards,"...
Panelbase said Prime Minister May's lead over the Labour Party increased to 15 points, giving the pound some respite from a plunge.
The dollar fell against most currencies on Tuesday, weighed by a drop in U.S.
Britain's pound was the only substantive mover among major currencies on Monday.
The dollar rose to a one-week high on Friday after upbeat U.S. gross domestic product data while Britain's pound slipped.
The Canadian, Australian and New Zealand dollars all fell solidly on Thursday, tracking a drop in oil prices.
The dollar was on the defensive on Thursday, with investors low on incentives to buy the greenback.
TOKYO, May 24- Chinese stocks fell and the Australian dollar skidded on Wednesday after Moody's downgraded its sovereign credit rating on China, adding to worries about the global impact of slowing growth and rising debt in Asia's economic powerhouse. Shares elsewhere in Asia also slipped, with MSCI's broadest index of Asia-Pacific shares outside Japan down...
*Aussie, China shares down after Moody's downgrade. TOKYO, May 24- China's main stock index fell one percent and the Australian dollar slipped on Wednesday after Moody's cut its sovereign credit rating on China. The Aussie fell as much as 0.3 percent to $0.7452 soon after the Moody's announcement downgrading China to A1 from Aa3.
TOKYO, May 24- Asian shares edged lower in early trade on Wednesday, while the Australian dollar and the offshore Chinese yuan slipped after Moody's cut its sovereign credit rating on China. The Aussie fell as much as 0.3 percent to $0.7455 while the yuan slipped to 6.8901 per U.S. dollar, 0.1 percent below late U.S. levels after Moody's downgraded China to A1 from...