The yen was near a five-month peak against the euro as banking woes in Portugal drove equities lower and lifted demand for the safe-haven currency.» Read More
--Neal Kimberley is an FX market analyst for Reuters. LONDON, May 19- The Australian dollar may have some room to fall against the Japanese yen, with a test of the pair's 100- day moving average, currently 93.30 yen, a possible target.
The dollar extended losses against the yen, trading near two month lows and putting it on course for a big weekly loss.
The euro was back against the dollar on Friday, rebounding from a 2-1/2-month trough as investors booked profits on bearish positions.
The euro bounced back thanks to the Bank's of England's loose monetary policy and Asian central banks.
The euro steadied against the dollar on Wednesday and rebounded from a 16-month trough against the British pound.
Jesper Bargmann, Head of Trading Markets, Singapore, Nordea, explains why the Australian dollar has managed to stay resilient following the government's federal budget.
Traders borrowing U.S. dollars to fund investments in other currencies should beware, with analysts expecting the greenback to strengthen.
Sean Callow, Senior Currency Strategist at Westpac Bank, says Australia's federal budget is unlikely to affect growth and hence, it will have little impact on the currency.
Prime Minister Tony Abbott's government is expected to unleash a slew of measures to slim down the budget deficit. CNBC's Matthew Taylor tells you what to expect from the federal budget.
The euro fell against sterling on growing bets the European Central Bank and the Bank of England will take opposite courses of action.
The euro slid after strong words from European Central Bank chief Mario Draghi halted its march to a 2-1/2 year high.
The euro slid further in early trade in Europe on Friday after strong words from European Central Bank chief Mario Draghi that halted its march this year to a 2-1/2 year high.
The US Dollar, euro and British pound are all falling following a meeting of the European Central Bank.
Hamish Pepper, Forex Strategist for Asia Pacific at Barclays, says the currency still faces severe headwinds from lower commodity prices.
Positive signs from the US economy have failed to boost the greenback, while tensions in Ukraine are driving traders to the yen.
The Australian dollar is at a level that the Reserve Bank of Australia is "fairly comfortable" with at the moment, says Paul Bloxham, Chief Economist for Australia and New Zealand at HSBC.
The yen rose to a two-week high against the dollar on Monday after a survey showing China's manufacturing activity contracted.
Gareth Berry, FX Strategist at UBS Investment Bank, explains why iron ore prices will be a major headwind for the Australian dollar moving forward.
The dollar inched up from a three-week low on Friday, on expectations of a robust U.S. jobs number, after a weak growth report earlier this week.
The euro trod water in early European trade on Wednesday with all eyes on euro zone inflation numbers due later.