The yen fell on Wednesday, hit by comments by Japan's finance minister that traders took as a sign of a weaker yen.» Read More
Investors can look to the New Zealand dollar for buying opportunities, in particular against the Australian dollar which is likely to head lower in coming months, says Ed Ponsi, Managing Director at Barchetta Capital Management.
Concerns about China and other developing economies weakened the Australian dollar and currencies closely linked to commodities markets.
*Risk appetite curbed by worries over China, Ukraine. LONDON, March 12- The Australian dollar and other currencies closely linked to commodities markets struggled on Wednesday after a 5 percent fall in copper prices overnight on fears of fading demand from China.
*Risk appetite curbed by Wall Street's decline, China worries. SYDNEY, March 12- The yen held onto gains early on Wednesday while investors kept their distance from risk currencies such as the Australian dollar amid worries about China's economic health and following a late fall on Wall Street.
The ECB's forward guidance may adjust policy to tighten the slack in the Euro zone economy, a senior ECB official said.
The U.S. dollar was supported by hopes U.S. job growth would pick up in the wake of last week's data.
Steven Englander, global head of G10 foreign exchange strategy at Citi, says the Chinese export data must be read very carefully and discusses the data's impact on the Australian dollar.
Commenting on Monday's rout in Australian resources stocks due to poor\ Chinese trade data, Philip Parker, Chairman & CEO, Altair Investment Management, says the selloff may have been overdone.
Sacha Tihanyi, Senior Currency Strategist at Scotiabank, says China's poor trade data is not the only factor weighing on the Australian dollar.
SYDNEY, March 10- The yen rose across the board early on Monday as investors gave riskier currencies, such as the Australian dollar, a wide berth after China data fuelled worries about a slowdown in the world's second-biggest economy. It dropped to $0.9030 from $0.9065 late in New York on Friday and fell as much as 0.7 percent to 92.92 yen.
Unexpectedly strong non-farm payroll data boosted the dollar, despite the cold winter across much of the United States.
Dominic Bunning, FX Strategist at HSBC, says the Australian central bank's statement on Friday may not have much of a impact on dampening the Australian dollar's recent rally.
The euro added half a cent after the European Central Bank left interest rates unchanged.
The Australian dollar is on a rally against the greenback on Thursday. However, Khoon Goh, Senior FX Strategist at ANZ, says in the medium term, the Aussie will likely hit $0.84 by the year-end.
The yen extended its losses against the dollar and euro as concerns over the standoff between Russia and Ukraine eased somewhat.
The dollar, ruble and euro rose against the yen on Tuesday, helped by signs Russia may want to avoid more military action in Ukraine.
Ukraine tension shakes investors, who head for the greenback on strong US spending data.
SYDNEY/ TOKYO, March 3- The Japanese yen gained broadly on Monday while investors sold risk currencies such as the Australian dollar after Ukraine's mobilisation to counter possible Russian invasion heightened geopolitical risks. The U.S. also threatened to isolate Russia economically in Moscow's biggest confrontation with the West since the Cold War.
*Putin threatens invasion to protect Russian citizens in Ukraine. SYDNEY, March 3- The Japanese yen rose across the board on Monday while investors gave risk currencies such as the Australian dollar a wide berth as Ukraine mobilised for war after Russia's President Vladimir Putin declared he had the right to invade the neighbouring country.
The dollar fell to a two-month low against the euro after data showed euro zone inflation unexpectedly held steady this month.