The dollar rose against the euro on Friday, recovering from an early swoon after better-than-expected U.S. durable goods data for April eased investor concerns about the U.S. economy.
Timothy Connors, Director - Sales, Asia Pacific at Western Union Business Solutions talks about the RBA decision and his outlook on the Australian dollar.
The Australian dollar is trading at record highs but whether the currency will keep its momentum going depends crucially on whether the Reserve Bank of Australia (RBA) raises interest rates in the coming months.
Gary Halverson, Australia-Pacific Regional President at Barrick Gold, believes that hedging their production and operation costs against the Australian dollar will continue to help the company remain profitable.
A few weeks ago, investors seemed clear on the Royal Bank of Australia's intentions for its August 2 meeting. Now, it's anyone's guess where rates are headed.
On June 24th, Rebecca Patterson made a bullish trade on the Norwegian Krone. Also, viewer calls, with CNBC's Scott Wapner and the Money In Motion traders.
The latest news from Washington. Also, the dollar falls to record lows against the Swiss franc and the Aussie dollar, and gold surges on the dollar crisis. Using currencies to protect against a U.S. government default, with CNBC's Scott Wapner and the Money in Motion traders.
With the clock ticking in Washington DC and Congress desperately trying to find an agreement on raising the debt ceiling, the greenback is heading towards levels last seen in the fall of 2008, when it reached its lowest point over the past 10 years.