The dollar powered to a 12-1/2-year high against the yen, as investors bet that U.S. interest rates will rise later this year.» Read More
The euro inched up against the dollar, pivoting from early losses following an ECB proposal.
The dollar rose broadly, with the euro sliding more than half a percent against the U.S currency, on growing concern that Greece may default on debts.
*Aussie& kiwi outperform after latest stimulus by China. SINGAPORE/ SYDNEY, April 20- The Australian dollar rose on Monday after China boosted banks' lending power to support an economy that is Australia's largest export market, while the euro was weighed down by concerns over Greece's struggle to agree terms with creditors. China is the biggest export market for...
The dollar index traded slightly lower in late-afternoon Friday as the euro extended its gains.
The dollar was on track for its biggest daily decline against a basket of major currencies in nearly two weeks on Thursday.
SINGAPORE/ SYDNEY, April 16- The Australian dollar gained a lift from strong Australian jobs data, while the greenback struggled to gain traction after weak U.S. output data added to uncertainty over the timing of a Federal Reserve interest rate rise. The Australian dollar climbed 0.9 percent to $0.7752 as upbeat Australian jobs data prompted the market to...
While the jobs data for March came as a relief, Australian markets will likely still be worried over the rout in commodity prices, says David Greene, head of Dealing at AFEX Australia.
The rally in the Aussie dollar following a surprisingly strong jobs report increases the likelihood of a rate cut next month, says Mitul Kotecha, head of FX Strategy, Asia Pacific at Barclays.
A sustainable growth outlook in New Zealand and a drop in confidence in Australia are igniting talks of parity for the countries' currencies, says Bill English, deputy prime minister & minister of finance of New Zealand.
Joe Hockey, Treasurer of Australia, says a weaker Aussie dollar is helping exporters and even with unemployment at 6.3 percent, the country is seeing strong job advertisements.
The dollar traded lower across the board after an earlier rebound versus the euro amid the ECB's reiteration of its dovish stance on monetary policy.
One closely-watched financial analyst has launched a scathing attack on the country's finances and predicted another crisis for its currency.
TOKYO/ SYDNEY, April 15- The dollar took back some ground lost after a surprisingly weak U.S. retail sales report, while the Australian dollar edged lower on Wednesday after downbeat Chinese economic data. Retail sales, industrial output and fixed asset investment growth rates all missed analyst expectations, with fixed-asset investment- a key economic demand...
Australian property prices are looking bubbly, but the surge may soon hit a wall due to few births, high mortality and sparse migration, Goldman said.
Dominic Schnider , head, Commodity & APAC Forex at UBS Wealth Management, explains why weakness in the Chinese economy hurts currencies like the Australian dollar.
The dollar tumbled after five straight days of gains, as investors took advantage of weaker-than-expected retail sales to lighten hefty positions.
The dollar rose against the euro in a continuation of last week's bets that the Fed will hike interest rates in the coming months.
*Shares shrug off surprise fall in China exports. *China trade data shock hits Australian dollar. NEW YORK, April 13- Crude prices on Monday added to last week's gains on bets on a slowdown in U.S. oil production, while stocks on major markets drifted higher despite a surprisingly large fall in Chinese exports that heightened concern over demand for commodities.
*Australian dollar hit by shock fall in China exports. Federal Reserve will hike interest rates in the coming months, while the yen edged higher on uncertainty surrounding the Bank of Japan's easing policies. The dollar's strength against the euro was a "spillover" from last week's commentary from the Fed, said Alan Ruskin, global head of currency strategy at...
*Australian dollar hit by shock fall in China exports. LONDON, April 13- The euro tumbled back towards $1.05 on Monday, hitting its weakest in four weeks as the dollar's resurgence continued on bets the U.S. The single currency fell as much as 0.8 percent against the dollar to trade at $1.05205, close to a 12- year trough of $1.0457 hit in March, with traders citing both...