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The Euro was unable to sustain a recovery attempt on Tuesday and came under fresh selling pressure as the dollar gained renewed support after stronger than expected data.
The Australian Reserve Bank interest rate decision was one of the least contentious in recent memory with interest rates on hold at 2.50% and the bank not making any major comments on the Australian dollar’s value. AUD/USD initially moved higher to the...

Monday’s trading maintained the familiar pattern seen after a Friday payroll release with generally lacklustre conditions and narrow ranges, amplified by the normal dip in trading volumes during August. The dollar overall was still hampered by profit...

Friday’s economic data was not strong enough to trigger further dollar buying with the currency subjected to profit taking after a strong week.
Equity markets generally remained on the defensive following sharp Wall Street losses overnight and risk conditions overall were fragile. There were mixed Chinese PMI readings with a stronger than expected official release offset by a downward revision...

The dollar held a firm tone on Thursday without being able extend gains from an over-bought position.
There was no surprise with the Fed policy decision late on Wednesday with a further US$10bn tapering of bond purchases to US$25bn per month. The FOMC statement did make comments on the economy being stronger while references to unemployment being at...