The dollar index also hit its highest level since March. » Read More
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.
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.
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.
The Australian dollar fell more than half a percent against the U.S. dollar on Tuesday after the RBA expressed economic recovery doubts.
The dollar dipped versus the yen, although potentially decisive events such as the Federal Reserve meeting midweek limited movements.
The dollar was up around a third of a percent against the yen as markets listened to the Bank of Japan's latest comments on policy on Friday.
The U.K.'s pound has roared higher as Mark Carney, the governor of the Bank of England, surprised markets.
Retail sales missed expectations, and state unemployment benefits claims climbed higher than expected.
Nick Tuffley, Chief Economist at ASB Bank, expects the Reserve Bank of New Zealand to continue hiking rates. He also discusses how migration may impact inflation.
Hamish Pepper, Forex Strategist, Asia Pacific at Barclays and Daryl Guppy of Guppytraders.com, debate the direction of the Australian dollar.
Simon Robertson, CFO at Auckland Airport, says the firm has a balanced currency exposure to combat the impact of a stronger Kiwi dollar.
Robert Rennie, Global Head of FX Strategy at Westpac Bank, says the Reserve Bank of New Zealand has shifted its focus away from the currency to the domestic mortgage market.
The euro neared a four-month low versus the dollar and a 1-1/2 year trough against sterling on Wednesday.