The euro and yen regained a foothold after a week of falls that pushed the dollar to its strongest and revived faith in the dollar rally.» Read More
The RBA's decision may come down to the wire at its policy meeting Tuesday, as economists eye a rate cut despite concerns over a strong currency and home prices.
Kumar Palghat, director at Kapstream, expects the Reserve Bank of Australia to cut rates at Tuesday's policy meeting even though easing measures are having a mixed impact on the economy.
The dollar touched a two-week high against the yen on Friday and rose from a two-month low versus a basket of major currencies.
Australia won't lose its coveted triple-A rating, its Treasurer said, slapping down speculation the country might face its first downgrade in 26 years.
The greenback reversed earlier losses to trade higher against a basket of currencies on Thursday.
The yen pushed higher on Thursday after the BOJ kept policy unchanged and held off from expanding its monetary stimulus.
The dollar dropped to an eight-week low after a weak U.S. consumer confidence report.
Sterling has boomed since mid-April and some analysts say the rally could run way beyond next month’s national election.
The euro scaled a three-weak peak against the dollar on optimism about Greece's prospects after the government reshuffled its bailout team.
Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday.
The dollar fell against most other major currencies on Thursday, while the euro rose on waning fears of a Greek default.
Iron-ore's plunge has put Western Australia's credit rating under pressure, but that's not likely to imperil Australia's AAA just yet, analysts said.
With Australia's inflation and jobs data showing signs of improvements, markets are pricing in too much for a May rate cut, says Jesper Bargmann, head of Trading, Asia at Nordea Markets.
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.