Adarsh Sinha, head of Asia Pacific G10 FX Strategy at BofA Merrill Lynch Global Research, explains why he is shorting the Australian dollar versus the Japanese yen.» Read More
The euro slipped against a stronger dollar, falling over 1 percent after the European Central Bank toughened up on Greek banks.
There is no incentive for the Reserve Bank of Australia to cut rates now that the Australian dollar is trading below the $0.75 level, says Michael Gable, MD & founder of Fairmont Equities.
Savanth Sebastian, equities economist at CommSec, expects the Reserve Bank of Australia to focus on the Australian currency and the pullback in Chinese stocks at its monthly policy meeting.
The Reserve Bank of Australia will likely keep interest rates on hold as the central bank assesses how its earlier rate cuts are filtering through the economy, says Katrina Ell, economist at Moody's Analytics.
The euro tumbled across the board, but was off its lows, after Greece voted to reject the conditions tied to the country's debt bailout deal.
The dollar stuck around as disappointing US jobs data and caution ahead of Greece's referendum on bailout conditions kept the market mood subdued.
Australia has a small club of shares Warren Buffett might buy, Credit Suisse said in the wake of the storied investor's first acquisition Down Under.
The U.S. dollar slipped against a basket of major currencies on Thursday after U.S. jobs data lagged expectations.
The euro dipped, buffetted by a flurry of reports on new concessions made by Greece to its European creditors.
The euro was broadly lower as investors braced for the near certainty that Greece will default on a repayment to the IMF.
Ray Attrill, co-Head of FX strategy at National Australia Bank, attributes the resilience of the euro to factors such as the muted participation of speculative investors and central bank support.
The euro proved broadly resilient to Greece's moving one step closer to an exit from the single currency.
The ongoing Greek debt talks left currency markets in tight ranges on Friday.
Ongoing Greek debt talks sidelined currency investors, demonstrating their unwillingness to take bold positions as deadlines for a deal come and go.
The dollar pared earlier losses on Wednesday after edging lower while U.S. 10-year Treasury yields dipped.
The U.S. dollar rose on Tuesday, underpinned by rising U.S. Treasury yields and prospects for interest rate increases.
The euro was mixed on Monday as a new cash-for-reforms offer from Greece raised hopes a tangible deal is taking shape.
The euro fell against other major currencies, weighed down by anxieties that Greece may soon default on debts.
The dollar declined, with weaker-than-forecast US consumer inflation data making traders even more uncertain about when the Fed will hike rates.
Markets may be bracing for another emerging markets tantrum as a Fed rate hike nears, but some say now is the time to swoop up those currencies.