The euro inched higher, getting some respite as feverish speculation of an imminent round of easing by the European Central Bank cooled.» Read More
The euro fell to its lowest in nearly a year against a broadly firmer dollar on Monday after comments from the head of the European Central Bank.
Yellen's speech cited persistent labor market slack but noted faster recovery in the sector could accelerate the timing of a Fed interest rate hike.
Central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Fed Chair Janet Yellen.
The euro recovered from a 11-month low against the dollar, helped by better-than-expected German private sector growth data.
Hamish Pepper, Forex Strategist, Asia Pacific at Barclays, says a fragile recovery in China and a stronger U.S. dollar ahead will cap gains in the Australian currency.
SYDNEY, Aug 21- Asian shares came under pressure on Thursday as a disappointing survey on Chinese manufacturing stoked concerns about the regional giant and overshadowed better news from Japan. Investors reacted by selling the Australian dollar, often a used as a liquid proxy for bets on China, while shares in Shanghai dropped 0.5 percent.
U.S. housing starts surged past expectations in July, snapping two straight months of declines.
The US dollar rose against a basket of major currencies on Monday on reduced concerns over Russia and Ukraine and positive US housing data.
The dollar failed to get a safe-haven boost despite news that the Ukraine-Russia conflict had entered a potentially dangerous phase.
A robust U.S. 30-year bond auction supported Treasuries prices in general and weighed on yields, which has underpinned the greenback, analysts said.
The British pound also falls on inflation, wages data, and the yen is subdued after Japan's Q2 GDP contraction.
The euro fell towards 9-month lows against the dollar on Tuesday, as investors positioned for a weak German sentiment survey.
The Norwegian crown hit a seven-week high against the euro after Norway reported consumer inflation unexpectedly jumped in July.
Andrew Freris, CEO at Ecognosis Advisory, explains why the Australian dollar remains the "best carry currency in the world" despite attempts by the central bank to talk it down.
The euro gained against the dollar and sterling, and investors flocked to the Swiss Franc and yen as Obama approved air strikes in Iraq.
Malcolm Wood, Head of Investment Strategy at Morgan Stanley Wealth Management, explains why the Aussie dollar could fall to $0.80 against the greenback.
The yen came under pressure from Japan's plans to increase its pension allocation to the domestic stock market.
LONDON, Aug 7- The yen sagged against the dollar on Thursday, coming under pressure from news that Japan's public pension fund plans to increase its allocation to the domestic stock market. All eyes in Europe will be on the European Central Bank's monthly news conference, starting at 1230 GMT, but the action overnight was all about the yen and the Australian dollar.
Jonathan Cavenagh, Senior FX Strategist at Westpac Institutional Bank, expects the Australian dollar to weaken further against the greenback following July's dismal jobs data.
The dollar held near an 11-month high, supported by upbeat U.S. data, while the New Zealand dollar took a hit from a fall in dairy prices.