The dollar edged higher on Tuesday as investors consolidated positions, a day after fresh political turmoil in Washington.
The Reserve Bank of Australia kept its benchmark cash rate at a record low of 1.5 percent for the 12th straight month.
Andrew Ticehurst of Nomura Australia weighs in on the Reserve Bank of Australia's comments on the impact of the strength of the Aussie dollar.
Gareth Aird of Commonwealth Bank says the RBA will want to make its neutral tone clear to avoid spooking markets the way it did with the minutes' release.
The Aussie dollar stood above the $0.80 mark ahead of the Reserve Bank of Australia's decision. Michael Every of Rabobank weighs in on the trajectory of the AUD.
The U.S. dollar hit a 2-1/2-year low against the euro on Monday.
The U.S. dollar fell as a combination of underwhelming U.S. data and political uncertainty kept traders biased toward the euro.
The U.S. dollar rallied after solid U.S. economic data, bouncing back from lows plumbed after Wednesday's Fed monetary policy statement.
The dollar index fell on Wednesday after the release of the Federal Reserve's policy statement following its July meeting.
While the Australian dollar could crack the $0.80 level in the near term, it's likely to be lower in the long run, says Steve Goldman of Kapstream Capital.
The RBA has to consider how raising rates will impact weak consumption amid high levels of household debt, says Tan Teck Leng of UBS Wealth Management.
The dollar index edged up on Tuesday after falling to a 13-month low.
The dollar languished near a 13-month low against a basket of currencies on Tuesday.
Elias Haddad, Commonwealth Bank's senior currency strategist, explains how Australia's upcoming inflation data will affect the local currency.
The U.S. dollar hit its lowest level in more than a year against a basket of major rivals on Friday.
TOKYO, July 21- The dollar headed for weekly losses on Friday, wallowing at its lowest levels against the euro in nearly two years after what markets perceived as hawkish talk from European Central Bank chief Mario Draghi. But the Australian dollar skidded against the greenback after contrastingly dovish comments from a Reserve Bank of Australia official.
The U.S. dollar recovered some losses against the euro on Wednesday after touching a more than one-year low in the prior session.
The dollar fell to its lowest in nearly two years against the euro on Thursday after European Central Bank chief Mario Draghi's comments.
The Aussie dollar will decline to trade at $0.74 by year-end as the Federal Reserve is likely to raise rates one more time, says Wayne Gordon from UBS.
Employment in June might have risen 14,000, but plenty of slack remains in the Australian labor market, says Gareth Aird of Commonwealth Bank.