Az Dollar News Today

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, following the release of Australia's higher-than-expected consumer prices on quarter in the first quarter of 2024.

The U.S. dollar moved higher against its major counterparts in the New York session on Friday, as strong-than-expected jobs data for March dampened hopes of imminent interest rate cuts by the Federal Reserve.

The Japanese weakened against other major currencies in the Asian session on Friday as Asian stock markets traded higher, after the latest batch of U.S. economic data showing a bigger than expected drop in retail sales in the month of January raised the possibility of an interest rate cut as early as June.

The Japanese yen weakened against other major currencies in the European session on Thursday. The yen fell to a 2-day low of 171.19 against the Swiss franc, from an early high of 170.

The Japanese yen weakened against other major currencies in the Asian session on Tuesday, after the Bank of Japan left its massive monetary stimulus unchanged and downgraded its inflation outlook for the next fiscal year.

The U.S. dollar weakened against other major currencies in the Asian session on Monday. The U.S. dollar fell to 6-day lows of 1.0910 against euro and the 1.2718 against the pound, from Friday's closing quotes of 1.

The Australian dollar weakened against other major currencies in the Asian session on Wednesday amid risk aversion, as weak crude oil and bullion prices triggered some heavy selling at several counters in energy and materials sectors.

The U.S. dollar erased its early losses against its major counterparts and climbed in the New York session on Thursday, as hotter-than-expected inflation data for December reduced odds of early rate cuts by the Federal Reserve.

The Japanese yen weakened against other major currencies in the early Asian session on Tuesday after the Bank of Japan retained its massive monetary policy stimulus, as widely expected.

The Japanese yen weakened against other major currencies in the Asian session on Friday, as Asian stock markets traded higher, following the dovish comments from the U.