Tuesday morning in Asia, the U.S. dollar declined to near a 4-week low against the yen as a slide in some Asian stocks boosted the safe-haven Japanese currency. The dollar also weakened against the European majors as traders in Asia remained cautious ahead of the Reserve Bank of Australia’s interest rate announcement, which is due
The Australian dollar showed mixed trading against its major rivals in early Asian deals on Tuesday ahead of the Reserve Bank of Australia’s decision on interest rate. The central bank will announce the rate decision at 10:30 pm ET. In a surprise move, the Reserve Bank of Australia raised its cash rate by a quarter
After tumbling against its major counterparts on Friday amid dismal U.S. jobs data, the dollar recovered slightly in early Asian trading on Monday. The U.S. Labor Department report showed on Friday that non-farm payroll employment increased just 39,000 in November, well below forecasts for a 130,000 increase. The unemployment rate jumped to 9.8% from 9.6%
The dollar saw its recent winning stop grind to a halt on Wednesday, as rebounding stocks and easing concerns about euro area debt fueled renewed risk appetite. Traders looking for a safe haven bought were buying the dollar in recent days, but with manufacturing growth in China signaling strong demand, riskier assets attracted investors. A
The Australian dollar lost ground on Wednesday morning in Asia after a government report showed that the nation’s economy expanded at a slower-pace than analysts had predicted. Australia’s gross domestic product was up just 0.2 percent in the third quarter of 2010 compared to the previous three months, the Australian Bureau of Statistics said today.
