The dollar reversed course during New York trading on Friday to rise against the euro and yen after a report showed U.S. consumers were less optimistic, prompting a rise in risk aversion.
Khoon Goh, Senior FX Strategist at ANZ, says data drives forex market at the end of the day, and countries with better data will see their currency appreciate.
The dollar fell broadly on Thursday after reversing earlier gains that sent it up against the euro and yen amid a cross-current of economic data that muddied the view on when the U.S. Federal Reserve will start trimming stimulus measures.
The euro was little changed against the dollar on Wednesday after data showed the euro zone had emerged in the second quarter from its longest recession to date.
The dollar climbed to a one-week high against both the euro and the yen on Tuesday after a key gauge of U.S. consumer spending rose at its fastest pace in seven months.
The dollar rose on expectations of strong U.S. data that could signal an early scaling back of monetary stimulus.
The dollar rebounded 0.2 percent from a recent seven-week low against a basket of currencies on Friday as investors bought at cheaper levels, with talk about when the Federal Reserve will begin cutting back its monthly bond buying dominating market chatter.
The Bank of England's (BoE) forward guidance marks a divergence in policy from the U.S. Federal Reserve - a rare event in economic history which points to "pronounced" sterling weakness.
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.