The dollar shed some of its recent gains against a basket of currencies on Wednesday as investors trimmed their bets before testimony from the U.S. Federal Reserve chief.» Read More
WELLINGTON/ SYDNEY, May 6- The Australian dollar eased on Monday even as retail sales for the quarter showed a healthy reading, with markets still split down the middle on whether the Reserve Bank of Australia will cut rates this week. *The Aussie lower at $1.0278, from $1.0305 early, but still a touch above Friday's $1.0265 in late trade.
The dollar surged more than 1 percent against the yen on Friday after strong U.S. April jobs data fueled optimism the U.S. economy may be more resilient than some had feared.
*Aussie at lowest since Oct 2009 vs NZD By Gyles Beckford and Cecile Lefort. WELLINGTON/ SYDNEY, May 3- The Australian dollar was bolstered by a weaker euro on Friday after the European Central Bank opened the door to more aggressive easing, but it still plumbed three-year lows against its kiwi cousin.
Jesper Bargmann, Head of G11 SPOT FX, Asia Pacific at RBS Global Banking & Markets expects the USD/JPY to reach 110 - 112 over the next quarter.
The euro fell sharply against the dollar in choppy trading on Thursday after European Central Bank President Mario Draghi said the bank is ready for negative deposit rates.
By Cecile Lefort and Naomi Tajitsu. WELLINGTON/ SYDNEY, May 2- The Australian dollar fell sharply on Thursday, hitting two-month lows against the euro and pound as renewed concerns about global growth sent investors scurrying for government bonds.
WELLINGTON/ SYDNEY, May 2- The Australian dollar dropped to two-month lows against the euro and pound on Thursday, as renewed concerns about global growth sent investors scurrying for government bonds. *Antipodeans on the backfoot following disappointing data from China, a top export market for both Australia and New Zealand.
The U.S. dollar pared its losses against the yen on Wednesday after the U.S. Federal Reserve said it will stick to its plan to buy $85 billion in bonds each month.
The dollar fell against the euro and yen Tuesday after a U.S. Midwest business barometer unexpectedly contracted in April, adding to worries about the economic recovery.
SYDNEY, April 30- The dollar wallowed at 1-1/ 2 week lows against a basket of currencies in early Asian trade on Tuesday as declining bond yields and slowing inflation put pressure on the Federal Reserve for more action. The greenback fell hard against higher-yielding commodity currencies such as the Australian dollar, which rose to a two-week high near $1.0360.
The euro rose against the dollar and yen on Monday after Italy finally formed a government, ending two months of political uncertainty.
IG Group is set to extend its service allowing customers to bet on the wildly fluctuating price of Bitcoin, the virtual currency that has captivated the interest of speculators and divided spread betting operators. The FT reports.
Greg Gibbs, Senior Currency Strategist at RBS, & Paul Gambles Managing Partner of MBMG International, discuss various scenarios impacting the U.S. dollar. They also shed light on the state of Scottish pound and what it means for the Sterling.
The dollar fell against the yen on Friday, retreating from a four-year high after the Bank of Japan left policy unchanged and after data showed U.S. economic growth expanded.
The dollar rose against the euro on Thursday as data indicating resilience in the U.S. labor market allayed concerns about the pace of the economic recovery.
Greg Matwejev, Director of FX, Hedge Fund Sales and Trading for Newedge Asia Pacific says an ECB rate cut at the next meeting next week (May 2) is a done deal.
The euro rose against the dollar on Wednesday, reversing a drop to a near three-week low earlier in the global session.
SYDNEY, April 24- The euro languished at two-week lows in early Asian trade on Wednesday, having suffered a setback after disappointing economic news out of Germany fuelled talk of an interest rate cut by the European Central Bank.
The euro hit a two-week low against the dollar after weak German data fanned concerns about the euro zone economy and speculation the European Central Bank could cut interest rates.
Mitul Kotecha, Head of Global FX Strategy, Credit Agricole Corporate and Investment Bank says Japanese investors have yet to expand their overseas investments which needs to happen for the Yen to accelerate. He expects the JPY to reach 104 at the end of the year.