The dollar reached its highest since July 2013 against a basket of major currencies and traded at 105 yen for the first time in eight months.» Read More
SYDNEY, July 2- The Australian dollar hovered near an eight-month peak early on Wednesday, having been swept higher by a short squeeze while an upbeat manufacturing survey helped power sterling to levels not seen in nearly six years.
A UK factory survey adds to evidence that Britain's consumer-led recovery is becoming more balanced and sustainable.
The euro held near a six-week high against the dollar on Tuesday, threatening a break past $1.37.
As the Australian economy recovers, the central bank will be more likely to let the Australian dollar appreciate, says Andrew Abrahamian, Head of FX Strategy at Compass Global Markets.
Jonathan Cavenagh, Senior FX Strategist at Westpac Institutional Bank, says uncertainty over the economy may result in a more dovish central bank, which in turn will hurt the Australian dollar.
The dollar looked set for a second week of losses on Friday, after a string of poor U.S. economic data that gave investors no reason to expect higher interest rates soon.
Despite a plethora of headwinds, Australia shares may be poised for a rally, as analysts expect more companies to pursue acquisitions.
Sterling rallied on Thursday after new measures to cool the UK housing market failed to dampen rate rise expectations.
The pound saw losses after comments from the BoE cooled expectations for an interest rate hike, while its G3 counterparts drifted in well-worn ranges.
The British pound fell after the Bank of England did little to bolster rate hike expectations.
The Australian and New Zealand dollars both jumped on Monday, after a promising China manufacturing survey.
*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.