The dollar fell to its lowest since late September on Friday as investors grew optimistic about the strength of the euro zone's recovery.
The euro rose for a third consecutive day when a flurry of business surveys pointed to a strengthening growth outlook for the region.
ING FX Strategist Viraj Patel speaks about the trajectory of the Australian dollar.
Currency markets were closeted in a tight range in a holiday shortened week in the United States.
The U.S. currency is set to have a disappointing 2018 against the euro, according to currency experts at UBS.
The dollar fell Friday, as Treasury yields slipped and investors remained skeptical of Republicans' efforts to pass tax cuts.
The greenback edged higher, rebounding from a more than three-week low, after the House passed their version of the tax overhaul bill.
Ray Attrill, head of FX Strategy at National Australia Bank, says the pace of higher rates in the U.S. could put pressure on the Aussie next year.
*Concerns on U.S. tax plans cap dollar, offset strong data. TOKYO, Nov 16- The dollar was on the defensive on Thursday as doubts on the prospects of U.S. tax reforms offset an uptick in underlying U.S. inflation while the Australian dollar hovered near four-month lows ahead of key local jobs data. I would expect negotiation to drag on beyond the year-end but by the first...
The dollar trimmed losses after data showed a surprise rise in retail sales last month as well as an uptick in underlying inflation.
TOKYO, Nov 15- A reduction in risk appetites lifted the yen on Wednesday and pressured the Australian dollar, as investors awaited U.S. consumer inflation data later in the global session. Data showed Australian wages rose only 0.5 percent in the third quarter and 2.0 percent for the year, falling short of 0.7 percent and 2.2 percent respectively and challenging...
The euro rose to a 2-1/2 week high against the U.S. dollar and was on track for its largest percentage gain in more than two months.
Sean Callow, senior currency strategist at Westpac Bank, says the Aussie could weaken if the Fed hikes more than many expect in 2018.
The dollar was on a firmer footing ahead of domestic economic data, including inflation and retail sales numbers, due later this week.
Disappointment that a landmark U.S. tax overhaul may be delayed until 2019 put a brake on the currency's recent rally.
Investors balked at emerging details of the Senate Republicans' version of a tax cut plan.
Paul Ryan on Wednesday left the door open to a possible delay in implementing a huge corporate tax cut.
Investors renewed bets that monetary policy will continue to diverge between the United States and the euro zone.
TOKYO, Nov 7- The dollar sagged on Tuesday, knocked away from an eight-month highs versus the yen down as Treasury yields slipped on uncertainty over whether the Republicans can pass their tax bill in a timely manner. The Australian dollar held steady, showing little response to the Reserve Bank of Australia's well-anticipated decision to stand pat on monetary...
With cash rates at a record low, the RBA might not need "that much convincing" to start adjusting back to neutral rates, says Paul Bloxham of HSBC.