Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday.» Read More
Jonathan Cavenagh, senior FX strategist at Westpac, says Australia's first-quarter inflation data released on Wednesday isn't weak enough to guarantee an interest rate cut next month.
The dollar edged upward after a jump in U.S. home sales data lifted expectations Federal Reserve policymakers may soon hike interest rates.
LONDON, April 22- The euro recovered some ground against the dollar on Wednesday in the absence of major developments over Greece, while the Australian dollar rose after inflation data suggested an interest rate cut was not imminent. The threat that Greece could fall out of the euro in a disagreement over the terms of financial aid from the rest of Europe has yet...
SYDNEY, April 22- The euro edged lower on Wednesday, pressured by continued uncertainty over Greece's debt negotiations, while the Australian dollar rose after inflation data suggested an interest rate cut was not imminent. But market participants have little incentive to take positions in the euro, with Greece's debt negotiations hanging in the balance.
*Australia CPI data next test for AUD. SYDNEY, April 22- The yen nursed modest losses early in Asia on Wednesday, while the other major currencies drifted in familiar ranges with investors seemingly lacking enough conviction to break to new ground. Notably, the New Zealand dollar touched a three-month high of 92.10 yen, before easing back to 91.71 yen.
The euro inched up against the dollar, pivoting from early losses following an ECB proposal.
The dollar rose broadly, with the euro sliding more than half a percent against the U.S currency, on growing concern that Greece may default on debts.
*Aussie& kiwi outperform after latest stimulus by China. SINGAPORE/ SYDNEY, April 20- The Australian dollar rose on Monday after China boosted banks' lending power to support an economy that is Australia's largest export market, while the euro was weighed down by concerns over Greece's struggle to agree terms with creditors. China is the biggest export market for...
The dollar index traded slightly lower in late-afternoon Friday as the euro extended its gains.
The dollar was on track for its biggest daily decline against a basket of major currencies in nearly two weeks on Thursday.
SINGAPORE/ SYDNEY, April 16- The Australian dollar gained a lift from strong Australian jobs data, while the greenback struggled to gain traction after weak U.S. output data added to uncertainty over the timing of a Federal Reserve interest rate rise. The Australian dollar climbed 0.9 percent to $0.7752 as upbeat Australian jobs data prompted the market to...
While the jobs data for March came as a relief, Australian markets will likely still be worried over the rout in commodity prices, says David Greene, head of Dealing at AFEX Australia.
The rally in the Aussie dollar following a surprisingly strong jobs report increases the likelihood of a rate cut next month, says Mitul Kotecha, head of FX Strategy, Asia Pacific at Barclays.
A sustainable growth outlook in New Zealand and a drop in confidence in Australia are igniting talks of parity for the countries' currencies, says Bill English, deputy prime minister & minister of finance of New Zealand.
Joe Hockey, Treasurer of Australia, says a weaker Aussie dollar is helping exporters and even with unemployment at 6.3 percent, the country is seeing strong job advertisements.
The dollar traded lower across the board after an earlier rebound versus the euro amid the ECB's reiteration of its dovish stance on monetary policy.
One closely-watched financial analyst has launched a scathing attack on the country's finances and predicted another crisis for its currency.
TOKYO/ SYDNEY, April 15- The dollar took back some ground lost after a surprisingly weak U.S. retail sales report, while the Australian dollar edged lower on Wednesday after downbeat Chinese economic data. Retail sales, industrial output and fixed asset investment growth rates all missed analyst expectations, with fixed-asset investment- a key economic demand...
Australian property prices are looking bubbly, but the surge may soon hit a wall due to few births, high mortality and sparse migration, Goldman said.
Dominic Schnider , head, Commodity & APAC Forex at UBS Wealth Management, explains why weakness in the Chinese economy hurts currencies like the Australian dollar.