The euro dipped, buffetted by a flurry of reports on new concessions made by Greece to its European creditors.» Read More
The euro on Thursday traded back-and-forth against the U.S. dollar.
The race for a devalued currency is set for a new set of twists and turns this summer.
The dollar traded lower against the euro after the Federal Reserve said U.S. economic growth remained tepid.
Vasu Menon, vice president, Group Wealth Management at OCBC Bank, says factors such as a stronger U.S. dollar and a slowdown in China will weigh on the Australian dollar.
Australia's economy grew faster than expected in the first quarter, but analysts were concerned about the quality of the data.
David Bassanese, chief economist at BetaShares, says the quality of Australia's first-quarter gross domestic product isn't "fantastic" as consumer spending remained soft.
The euro strengthened against the U.S. dollar, which was on track to post its biggest one-day loss against the single currency since mid-March.
The RBA kept interest rates steady at a record low 2.0 percent, in line with expectations, but the Australian dollar still pushed higher.
Matthew Circosta, economist at Moody's Analytics, discusses the jump in the Australian dollar following the Reserve Bank of Australia's decision to stand pat on monetary policy Tuesday.
Annette Beacher, head of Economic Research at TD Securities and David Walker, senior analyst at StocksInValue.com.au, discuss their expectations for the Reserve Bank of Australia's policy decision and outline trading strategies.
The U.S. dollar advanced against major currencies after stronger-than-expected data on U.S. manufacturing activity and construction spending.
The RBA may be pleased with the lower Australian dollar following last month's rate cut, says Emma Lawson, senior currency strategist at National Australia Bank.
Investors should be a little bit nervous about the Australian dollar ahead of the central bank's meeting on Tuesday, says Sean Callow, senior currency strategist at Westpac.
The dollar was mixed on Friday with month-end selling after a recent rally.
The dollar climbed to a 12-1/2-year high against the yen as investors bet that U.S. interest rates will rise later this year.
*USD touches 124.30 yen, highest level since December 2002. TOKYO/ SYDNEY, May 28- The dollar hit its highest since December 2002 against the yen on Thursday due to expectations that U.S. interest rates will rise later this year, while the Australian dollar struck a six-week low following disappointing capital expenditure data. The greenback soared as high as...
The dollar rose against most major currencies on Wednesday, hitting an eight-year peak against the yen.
The dollar rose more than 1 percent, extending recent gains driven by increasing expectations the Fed will start raising rates.
Australia may be weighing allowing foreign airlines to offer domestic flights, but it isn't clear the skies down under are particularly attractive.
The dollar hit a one-month high against a basket of major currencies after stronger-than-expected underlying U.S. inflation bolstered the Fed's case for a rate hike.