The U.S. dollar hit multi-week lows against the euro and Swiss franc on Friday.» Read More
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The dollar tumbled more than 1 percent against the euro and the yen on Friday.
August’s wave of currency interventions could just be the start of a “race to the bottom,” with several major emerging markets looking set to devalue in the near-future.
SINGAPORE, Aug 21- The Australian dollar tumbled on Friday after a private survey showed that China's factory sector shrank at its fastest pace in 6-1/ 2 years, adding to worries that the world's second-largest economy may be slowing sharply. The Australian dollar slid to $0.7285 at one point and was last trading at $0.7303, down 0.5 percent on the day.
The dollar fell against a basket of major currencies, with investors trimming bets in its favor.
The dollar fell on Wednesday as investors positioned for a U.S. interest rate hike in September pulled back.
*Sterling firm after pick up in UK inflation. SINGAPORE/ SYDNEY, Aug 19- The Australian dollar sagged on Wednesday as weakness in Chinese equities amplified concerns over slowing growth in China, while sterling held firm after a pick up in UK inflation kept prospects of a Bank of England rate hike in play. The euro rose 0.3 percent to $1.1050, inching away from a...
The dollar rose against a basket of currencies for a third trading day running, as worries about a China-led "currency war" abated.
Emerging markets currencies took it on the chin Monday and one analyst has told CNBC that the selling will only intensify.
The dollar rose against a basket of currencies on Friday as U.S. producer prices in July hinted some pickup in inflation.
The U.S. dollar recovered on Thursday after China's central bank said there was no basis for further yuan depreciation and on U.S. data.
SINGAPORE/ TOKYO, Aug 13- The Australian dollar inched higher on Thursday as the yuan's depreciation showed signs of slowing. China's yuan fell for a third day and eased about 0.3 percent to 6.4090 versus the dollar, but held above a four-year low of 6.4510 set on Wednesday, as the central bank said there was no basis for further depreciation given strong economic...
The U.S. dollar fell on Wednesday to its lowest in about a month against a basket of major currencies.
*Markets ponder likelihood of Fed hike in wake of China move. The Aussie, widely considered a proxy for China plays, was last down 0.9 percent at $0.7234, after plunging as low as $0.7217. "Focusing on the Aussie dollar, it's dropping, on concern about what China's official attitude is," said Masashi Murata, senior currency strategist at Brown Brothers Harriman in...
The yuan suffered its biggest fall in over two decades on Tuesday.
The dollar slipped from a nearly four-month high after comments stoked uncertainty over whether the Fed would hike rates in September.
The slump in EM currencies could persist well past the Fed's first rate rise, due to Chinese economic weakness and commodity prices that have yet to bottom out, analysts have warned.
Sean Callow, senior currency strategist at Westpac, says the U.S. dollar lost some of its value against most of the major currencies on Friday because July's jobs report wasn't a gamechanger.