Thomas Harr, Head of Asia Local Markets Strategy at Standard Chartered Bank analyzes the latest move by China's central bank.
The euro hit session highs on Monday, rallying from nearly three week lows, in tandem with U.S. stocks paring their losses and commodities gaining sharply.
The U.S. dollar was headed for its biggest weekly gain in almost a year against major currencies on Friday.
The dollar trimmed its gains versus the euro and yen after data showed the number of Americans filing new claims for unemployment benefits rose more than expected last week.
Nick Verdi, Director of FX Strategy, Asia Pacific ex-Japan, from Barclays, discusses his outlook for the Australian dollar - which slumped to its lowest level since 2010 on Thursday.
The U.S. dollar reversed early losses and rose against the euro and yen on Wednesday after the Federal Reserve said it sees diminished downside risks to the economy.
The U.S. dollar rose for a second day against the yen on Tuesday as some traders bet the Federal Reserve may signal it is almost ready to reduce its bond buying program.
John Horner, FX Strategist at Deutsche Bank says "Abenomics" will continue to help the yen weaken.
The yen fell against the dollar and the euro as global stocks rebounded, but the Japanese currency may stay near two-month highs until investors get more clarity on the Federal Reserve's ultra-loose policy.
The yen rose against the U.S. dollar on Friday for a fourth straight day as investors unwound bets against the Japanese currency due to uncertainty surrounding central banks.
The yen rose against the dollar to levels not seen since the Bank of Japan unleashed its aggressive stimulus in early April.
The dollar recovered lost ground against the yen on Wednesday after a sharp sell-off the previous day as investors sought to buy at cheaper levels.
Scott Maddock , Senior Analyst at Macquarie Private Portfolio Management says the rotation out of yield in the recent market correction is temporary, and that Australian investors will start favoring high yielding stocks again.
Keagan York, Head of FX Strategy at Compass Global Markets forecasts the bottom for the Australian dollar will be 93.25 against the greenback.
The yen soared on Tuesday after the Bank of Japan decided not to announce additional measures to curb recent volatility in the bond market.
The dollar rose sharply versus the yen on Monday, bolstered by stronger-than-forecast Japanese data and a Standard & Poor's upgrade to the credit outlook for the United States.
The dollar recovered on Friday from steep losses in the previous session after a government report showed a reasonably healthy pace of U.S. job creation in May.
The dollar fell sharply against the yen and euro on Thursday, hitting levels not seen in months, as investors fretted that upcoming U.S. jobs data would disappoint.
Nathan Bell, Research Director at Intelligent Investor says Australian companies with a global focus should benefit from the weaker Australian dollar, and shareholders will reap the returns.
Todd Elmer, Currency Strategist at Citi explains why now is the time short the Australian dollar. He says a slowing China has led him to change his previous bullish call on the currency.