Kamal Sharma, G10 foreign exchange strategist at Bank of America Merrill Lynch, discusses the Australian dollar after the Reserve Bank of Australia didn't hike rates.» Read More
After rolling out a rate cut last month, the Reserve Bank of Australia could adopt a "wait and see" attitude at Tuesday's meeting, says Callum Henderson, global head of FX Research at Standard Chartered.
Scott Haslem, chief economist, Australia at UBS, discusses the raft of Australian data released early Tuesday and explains why the Reserve Bank of Australia will unveil a rate cut later in the day.
The dollar edged up with the greenback touching an 11-year peak despite soft economic data.
LONDON, March 2- The euro gained a third of a percent against the dollar on the back of marginally better economic numbers on Monday, showing some resilience ahead of the launch of outright money-printing by the European Central Bank. The Australian dollar was the biggest loser, down almost one percent against the euro, on speculation that China's weekend cut in...
*MSCI's Asia-Pacific stock index up 0.1 pct after China rate cut. *Australian shares hit 7- year high after China eases. *But overall impact from China cut limited, AUD hands back gains.
Lutfey Siddiqi, global head of EM FX, Rates & Credit at UBS, attributes the fall in the Australian dollar on Monday to China's rate cut, which doesn't constitute an "an act of panic" by Beijing.
The dollar index ended stayed on track for a record eighth month of gains on improving data and comments from Fed officials.
The dollar rose to a one-month high as data on U.S. inflation and business orders and Fed officials' remarks.
With the Reserve Bank of Australia likely to unveil another rate cut next week, the Aussie dollar remains on a downtrend to hit $0.74 by year-end, says Khoon Goh, senior FX strategist at ANZ.
The dollar edged down after Fed Chair Janet Yellen held back from giving a clear view on when the Fed may begin raising interest rates.
The dollar edged down against the yen Janet Yellen suggested the Fed won't be rushed into kicking off the U.S. interest rate tightening cycle.
Ray Attrill, co-head of FX Strategy at NAB, says the Australian dollar is "where it should be", having fallen by the same amount as commodity prices since the latter's peak in 2011.
The Swiss franc shed over 1 percent against the dollar, dropping towards five-week lows as some of the Greece-related safety flows waned.
The euro jumped against the dollar in midday trading on reports that a deal had been reached between Greece and the European Central Bank.
The dollar recovered on talk the Swiss National Bank was buying the greenback.
The euro recovered from initial losses, helped by a bounce in German investor sentiment.
The euro inched higher ahead of a meeting of euro zone finance ministers that investors expect will find enough common ground to support Greece.
The euro edged higher on Friday, putting it on course for a third straight week of gains, its best performance in just under a year.
The dollar dropped across the board on Thursday after weaker-than-expected U.S. economic data.
The yen surged against the U.S. dollar following a report that the country's central bank is cooling on the idea of adding more stimulus.