The greenback traded near a 19-month high on Monday amid increased concerns of a global economic slowdown.
Christian Lawrence of Rabobank explains why the next interest move by the Reserve Bank of Australia is " more likely to be a cut than a hike."
The euro fell broadly on Friday as the euro zone economy showed more signs it's beginning to sputter, while the dollar made some headway as investors turned nervous about a slowdown in China.
The euro traded along the flatline on Thursday after the European Central Bank kept interest rates unchanged.
The dollar has gained nearly 6 percent against a basket of currencies this year on the back of Fed rate increases, but a recent softening of U.S. Treasury yields and tepid data has led some to forecast a peak for the dollar.
Sterling's rebound came to an abrupt halt on Tuesday after a report that colleagues of Prime Minister Theresa May believed they had sufficient numbers to mount a no-confidence vote in her leadership.
The pound slid to its weakest level in nearly 1-1/2 years against the dollar as British Prime Minister Theresa May postponed a parliamentary vote on her Brexit deal, rekindling doubts about U.K.'s departure from the European Union in March.
The U.S. dollar fell after the weaker-than-expected monthly job report was released, suggesting the Federal Reserve will tighten monetary policy at a slower rate than previously forecast.
The dollar weakened against major peers on Thursday as U.S. Treasury yields tumbled and traders scaled back expectations on the number of rate hikes the Federal Reserve would implement amid weakening economic data and heightened market volatility.
The dollar came under renewed pressure on Wednesday as an inversion in part of the Treasury yield curve caused concern about a possible U.S. recession.
TOKYO, Dec 5- The dollar remained under pressure on Wednesday after the U.S. bond market sent worrisome signs about economic growth overnight, adding to fears that the Federal Reserve could put its rate-hike cycle on hold. The Australian dollar slumped against the greenback on worse-than-expected quarterly economic growth, reversing the early gain booked...
The dollar fell broadly on Tuesday as U.S. Treasury yields slipped, feeding fears that the Federal Reserve could pause in its rate-hike cycle, while an inversion in part of the yield curve was taken as a red flag for a potential recession.
Ray Attrill of National Australia Bank says he's negative on the Australian dollar and the New Zealand dollar.
The U.S. dollar fell broadly on Monday, as currencies battered by trade tensions between the United States and China staged a comeback after leaders from the two countries declared a truce on tariffs.
The dollar strengthened on Friday, as markets nervously awaited the outcome of talks between the leaders of the world's two biggest economies this weekend which could determine whether trade tensions between them will escalate further.
The dollar recovered on Thursday as caution before a G20 meeting prompted investors to buy back the currency after comments by the Federal Reserve chief were seen as a sign that a rising trend in U.S. rates may be coming to a close.
The dollar tumbled from two-week highs on Wednesday after Federal Reserve Chairman Jerome Powell said that interest rates are just below neutral, raising expectations that the U.S. central bank is closer to the end of its rate hike cycle.
The U.S. dollar rose to its highest level in almost two weeks against its major rivals on Tuesday, after President Donald Trump said that he would push ahead with tariffs on Chinese goods, fuelling concern about world trade tensions.
The euro rose to its highest level in nearly two weeks on Monday on signs that Italy may cut its budget deficit target to satisfy the European Union, and as a rebound in oil prices helped to improve risk sentiment.
The euro slumped half a percent on Friday on signs that economic growth could be slowing across the euro zone with worries about Brexit and Italy's budget negotiations also weighing on the single currency.