The Australian dollar lost value on Thursday against the world’s reserve currency after the nation released weak jobs data for last month, which renews the conversation about whether the Reserve Bank of Australia will slash borrowing costs, according to Reuters.
The Australian dollar rose against most of its top counterparts on Monday as the South Pacific nation prepared to release strong trade deficit and retail sales data later this week, according to Bloomberg. Expectations are high that the nation’s data is likely to be healthy.
Confidence about increased demand prompted wheat futures to ebb and flow on Wednesday after recent losses for the grain and surging worldwide production, according to Bloomberg.
The U.S. dollar on Thursday performed strongly on foreign exchange markets as a consequence of the U.S. Federal Reserve chairman noting it is aiming to close monetary stimulus measures by the end of this year, Bloomberg reports.
The Australian dollar on Thursday dove toward its lowest value in three years against the world’s reserve currency following activity by the central banks of the South Pacific nation and the globe’s largest economy, Bloomberg reports.
The Japanese yen marked a second consecutive trade session of losses against the world’s reserve currency on Tuesday as the central bank of the U.S. convenes two days of meetings, Bloomberg reports.
The Canadian dollar on Thursday climbed in value against the greenback after Australia released uplifting economic data, Bloomberg reports.
The dollars of the South Pacific slumped against the majority of their top rivals on Thursday, tugged down by persistent concerns about what the central bank of the U.S. will do regarding its economy-spurring measures, Bloomberg reports.
The Australian dollar on Wednesday lifted from near its three-year lows against the U.S. dollar, reversing three consecutive trading sessions of losses against its cross-Pacific rival, Bloomberg reports.
Underwhelming economic data about the housing market pulled down the Australian dollar on Tuesday against the world’s reserve currency as the Aussie dropped near its three-year low against the dollar, Bloomberg reports.