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Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday.
After a straight-line upswing since the middle of last year, the greenback is likely to see consolidation for the next few weeks, says Khoon Goh, senior FX strategist at ANZ.
The dollar fell against most other major currencies on Thursday, while the euro rose on waning fears of a Greek default.
The dollar edged upward after a jump in U.S. home sales data lifted expectations Federal Reserve policymakers may soon hike interest rates.
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.
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.
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.
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.
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.
The euro slumped for a fifth straight session against the dollar on Friday to a 3-1/2 week low as falling European interest rates.
Chris Tedder, research analyst at FOREX.com, explains why the New Zealand dollar will move past parity against the Australian dollar "sooner rather than later."
Ray Attrill, co-Head of FX Strategy at National Australia Bank, says the kiwi dollar will likely trade just shy of parity with the Aussie dollar. Even if parity is reached, it won't be sustainable.
A weaker Australian dollar against the kiwi dollar could slow investment opportunities and tourism income, says John Key, prime minister of New Zealand.
The dollar traded higher on Wednesday after the release of the Federal Reserve's FOMC meeting minutes.
The greenback recovered as trading desks returned to full strength and underlying trends for its continued rise reappeared.
The dollar cut early losses but continued to feel the carry-over effects of a disappointing U.S. jobs report from Friday.