The dollar held below a 10-month peak after soaring on U.S. growth data, with mixed views from the Federal Reserve tempering the rally.» Read More
*Euro zone business activity growth slows as France lags. LONDON, June 23- European stocks fell on Monday after euro zone business activity data showed growth slowing, with France a notable laggard, in contrast with upbeat numbers from China that lifted Asian shares and the Australian dollar.
TOKYO, June 23- Asian stocks and the Australian dollar rose on Monday as upbeat news from China's factory sector and fresh highs on Wall Street fueled appetites for riskier assets, while crude oil held near nine-month highs as fighting in Iraq intensified.
TOKYO/ SYDNEY, June 23- The Australian dollar jumped to test its year-to-date peak on Monday after a Chinese manufacturing survey showed surprisingly big improvements. The Aussie rose to as high as $0.9444, near its April 10 peak of $0.9461.
TOKYO, June 23- Asian stocks and the Australian dollar rose on Monday as upbeat news from China's factory sector and fresh highs on Wall Street fueled appetite for riskier assets, while crude oil held near nine-month highs as fighting in Iraq intensified.
The dollar reversed some of its losses in a quiet session overnight after upbeat U.S. data helped temper the Federal Reserve's dovish outlook.
The dollar sank to its weakest level in three weeks on Thursday after a cautious message from the Federal Reserve.
Currency experts have warned that there will be winners and losers in the foreign exchange markets on the back of the spike in oil.
Currency analysts to believe an interesting trading opportunity could develop over the coming months.
The U.S. dollar held onto modest gains, having risen broadly after U.S. consumer prices recorded their largest increase in more than a year in May.
The Australian dollar has stubbornly resisted broad expectations it would weaken, and now some bears are starting to step away from their calls.
Geoff Kendrick, Head of Asia FX & Rates Strategy at Morgan Stanley, describes the factors that are spurring strong inflows into Australia, which will eventually be positive for its currency.
The Australian dollar fell more than half a percent against the U.S. dollar on Tuesday after the RBA expressed economic recovery doubts.
*Caution ahead of Fed meeting, concerns about Iraq crisis. LONDON, June 17- The Australian dollar fell more than half a percent against the U.S. dollar on Tuesday after minutes from the country's central bank expressed more doubts about what is proving to be a messy economic recovery.
Ray Attrill, Co-Head of FX Strategy at National Australia Bank, says predictions for the Australian dollar to hit parity by year end are "exaggerated."
The dollar dipped versus the yen, although potentially decisive events such as the Federal Reserve meeting midweek limited movements.
The dollar was up around a third of a percent against the yen as markets listened to the Bank of Japan's latest comments on policy on Friday.
The U.K.'s pound has roared higher as Mark Carney, the governor of the Bank of England, surprised markets.
Retail sales missed expectations, and state unemployment benefits claims climbed higher than expected.
Hamish Pepper, Forex Strategist, Asia Pacific at Barclays and Daryl Guppy of Guppytraders.com, debate the direction of the Australian dollar.
The euro neared a four-month low versus the dollar and a 1-1/2 year trough against sterling on Wednesday.