The dollar turned positive against a basket of major world currencies in thin trade on Wednesday.
The dollar inched up, but stayed near a nine-month trough as investors bet the Federal Reserve this week will set the course for its massive stimulus program to be maintained.
Aaron Smith, Managing Director at Pecora Capital says the USD could temporarily strengthen and then continue to weaken further.
The dollar edged higher on Monday but held close to a nine-month low against a basket of currencies.
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Richard Yetsenga, Head of Global Markets Research at ANZ outlines why he likes the Aussie-Kiwi cross, but is bearish on the currency against the euro and the U.S. dollar.
The euro hovered close to a two-year high against the dollar on Friday.
The euro was steady against the dollar on Thursday after disappointing euro zone data drew it away from a two-year high.
The dollar set a fresh two-year low against the euro on Wednesday after disappointing U.S. jobs data cemented expectations that the Federal Reserve will not taper until early next year.
Miles Eakers, head of foreign exchange at Savi Trading, says many currencies are overvalued against the dollar and will offset the strength of the greenback.
The dollar climbed against the yen and the Swiss franc on Monday.
David Walker, Head of Equities Research at StocksInValue thinks the Australian market is modestly overvalued. He sees stocks at a modest premium to the intrinsic value estimate.
The dollar fell to eight-and-a-half-month lows against the euro and a currency basket on Friday.
The dollar index slid Thursday as a deal to end the U.S. debt stalemate prompted investors to focus on the economic impact of the government shutdown.
The dollar rose against most currencies on Wednesday after the Senate announced a deal that would avert a U.S. default and re-open government.
The dollar dropped to session lows against the yen on Tuesday as talks on raising the U.S. debt ceiling floundered.
Kara Ordway, FX Strategist, City Index says Australian dollar movements reflect some positive risk sentiment.
The dollar slipped on Monday and the yen rose on safe-haven demand, as lawmakers struggled to reach a deal before this week's debt ceiling deadline.
The dollar index rose Friday, heading for its first weekly gain in five, as optimism grew that Congress will reach a stop-gap deal to avert default.
The dollar rose to a two-week high against major currencies as optimism grew that lawmakers might reach a deal to avert a U.S. debt default.