The dollar's gains are unlikely to last, says Richard Yetsenga, regional FX strategist at HSBC. But he believes that the Fed inability to cut rates, as it tries to control inflation, will help the dollar. He speaks to CNBC's Maura Fogarty.

Rob Rennie, currency strategist at Westpac Bank expects the euro to test $1.60 - $1.62 against the dollar, despite the dollar's rally overnight. He tells CNBC's Amanda Drury & Sri Jegarajah where the major crosses might be headed next.

The Aussie markets are set to gain Friday, following the stellar performance on Wall Street overnight. Justin O'Brien, VP of Citi Smith Barney previews the day's top stories, with CNBC's Jeffrey James & Sri Jegarajah.

More than 150,000 Catholics descended on Sydney for World Youth Day - a week-long celebration attended by the Pope. CNBC's Matthew Taylor reports that the event is expected to pump A$230 million ($223 million) into the New South Wales economy.

The dollar could find a bottom against the euro after the U.S. Labor Day, forecasts Michael Woolfolk, senior currency strategist at the Bank of New York Mellon. He gives his FX direction, with CNBC's Jeffrey James & Sri Jegarajah.

Qantas is reportedly set to announce 3,000 job cuts later today. Mark Southwell-Keely, director of Select Equities reviews what this means for the airline's stock and where the firm could be headed, with CNBC's Jeffrey James & Sri Jegarajah.