The yen faced pressure in early Asian trade on Friday, ahead of the outcome of a Bank of Japan meeting at which policymakers were expected to maintain their commitment to ultra-easy monetary policy.» Read More
CNBC's Cash Flow pits George Boubouaras, CIO of Equity Trustees against Steve Johnson, Managing Director at The Intelligent Investor on an Australian bull v bear panel.
Following the Federal Reserve's decision to taper its bond buys, the dollar rose against the euro before reversing, with the euro now higher.
Michael Every, Head of Financial Markets Research Asia-Pacific at Rabobank, tells CNBC's Cash Flow why he thinks the USD will move structurally higher in 2014.
The dollar drifted higher on Tuesday, trading in narrow ranges, as investors continued to adjust positions ahead of this week's key decision on bond-buying by the Fed.
Steve Ciobo, Parliamentary Secretary to the Australian Treasurer, says getting spending under control is one of the country's top priorities.
Presenting Australia's latest mid-year economic and fiscal report, Treasurer Joe Hockey said that the budget deficit could total A$123 billion over the next four years.
The euro edged higher against the dollar on Monday after two days of losses, lifted by euro zone data showing business activity picked up, while uncertainty over the Federal Reserve's economic stimulus program kept investors wary of the greenback.
The dollar dropped from five-year highs against the yen Friday as investors reduced bets on the greenback amid caution ahead of a U.S. Federal Reserve policy meeting next week that may herald a wind-down of its massive stimulus measures.
The new water park has been three years in the making and cost more than $150 million, but will the investment pay off? CNBC's Matt Taylor takes a look around.
*Upbeat U.S. retail sales data helps lift USD. SYDNEY, Dec 13- The U.S. dollar rose in Asia on Friday, having made a solid comeback overnight on upbeat retail sales data while the Australian dollar took a battering following more jawboning from the country's central bank chief.
The dollar firmed across the board on Thursday, helped by an upbeat U.S retail sales report that suggested the recovery of the world's largest economy is on a stable footing.
Jim McCafferty, Head of Research at CIMB Securities, says he's overweight on consumer and industrial stocks on the back of a stronger economy.
The euro rose for a seventh straight session against the dollar on Wednesday, driven by a combination of higher money market rates and a growing belief that the European Central Bank will keep interest rates low for some time but not cut them.
The euro stayed well-bid on Tuesday, scaling a fresh five-year high on the yen and a six-week peak against the dollar as expectations for further stimulus from the European Central Bank continued to fade.
The euro raced to a near six-week high against the dollar and scaled a fresh five-year peak versus the yen on Monday after strong U.S. payrolls data boosted risk appetite.
The dollar rallied against the yen after stronger-than-expected jobs data stoked expectations the Fed may start reducing bond buying sooner than expected.
Michael Sneyd, FX analyst at BNP Paribas, says the dollar is strong against "risky currencies" such as the aussie and Canadian dollar.
The euro rose to a five-week high against the dollar on Thursday after the European Central Bank left a key interest rate unchanged and its president Mario Draghi downplayed deflation risks.
The dollar rose against the yen and the euro on Wednesday.
The yen rose against the dollar and the euro on Tuesday, rebounding from losses as falling stock markets worldwide prompted safe-haven demand for the Japanese currency.