The dollar dropped for a fifth consecutive session against major currencies on Thursday as recent economic data and comments from Fed officials added to uncertainty about when the U.S. central bank might reduce its bond purchases.
Michael Plavnik, the desk head of STIRT FX at Citi, says Chinese growth will slow, and now is the time to sell the Aussie dollar.
The dollar fell to a seven-week low against major currencies on Wednesday, stung by steep losses against the yen and sterling, on concerns about the scope and timing of the Federal Reserve's eventual tapering of its bond-buying program.
The dollar fell broadly on Tuesday, hitting a six-week low against the yen, as investors pared back bets on the U.S. currency on uncertainty about when the Federal Reserve will start reducing its bond purchases.
Ken Brinsden, managing director at Atlas Iron, tells CNBC that a ten or fifteen percent drop in the Aussie dollar translates to up to a thirty percent margin increase for the company.
Keagan York, Head of FX Strategy at Compass Global Markets says it's a slippery slope for the Indian rupee now. Tom Rogers, Senior economic adviser to the Ernst & Young joins in the discussion.
Robert Rennie, global head of FX strategy at Westpac Bank, thinks the currency has priced the Reserve Bank of Australia's 25 basis point interest rate cut on Tuesday.
The dollar slid against the yen on Monday, remaining under pressure after Friday's jobs figures lowered expectations that the Federal Reserve would start reducing its bond purchases in the near term.
Barnaby Joyce, Senator For Queensland, Australia gives his views on what to expect at the upcoming election in Australia on September 7.
Robert Prior-Wandesforde, Director, Asia Economics at Credit Suisse warns that China's slowdown will hurt growth in Australia while the QE money flowing from Japan will not help the situation either.
The dollar tumbled against the euro and the yen on Friday after mixed signals about the US labor market.
Amid growing signs of a recovery in the U.K. economy, one currency strategist says the best way to position for the rebound is to sell the euro against sterling.
The euro and sterling fell against the dollar on Thursday as investors sold them before European Central Bank and Bank of England policy meetings expected to re-affirm loose monetary policy.
Valentin Marinov, director of FX Strategy at Citi, tells CNBC that the Aussie is buy as markets are looking at two rate cuts from the RBA by the end of the year.
The dollar extended gains against the euro and yen on Wednesday, hitting session highs after data showed the U.S. economy grew faster than expected in the second quarter.
The dollar edged higher on Tuesday, recovering from recent falls, on caution that the Federal Reserve may lay the groundwork for curbing stimulus at a policy meeting this week.
The dollar fell to a one-month low against the yen on Monday and a five-week trough against a basket of currencies on expectations the Fed intends to keep interest rates low.
The dollar fell to a five-week low against a basket of major currencies on Friday.
Martin Lakos, Division Director at Macquarie Private Wealth, says Australia may be coming into a period of slower GDP growth but he explains why he expects corporate earnings to pick up.
The dollar fell to a fresh one-month low against the euro on Thursday in thin trading, as investors tested key resistance levels in the euro zone currency.