Page 2 - Az Dollar News Today

Commodity currencies such as the Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Wednesday, as Asian stock markets traded mostly in the green, following the broadly positive cues from the Wall Street overnight.

The Japanese yen weakened against other major currencies in the Asian session on Monday. The yen rose to 4-day highs of 148.90 against the U.S. dollar and 168.

The Japanese yen strengthened against other major currencies in the European session on Monday as European stock markets traded lower, after last week's sharp rally on expectations that falling inflation across industrialized countries will prompt global central banks to start cutting interest rates next year.

The Japanese yen weakened against other major currencies in the Asian session on Monday. The yen slid to more than a 15-year low of 162.08 against the euro and nearly a 2-week low of 151.

The Japanese yen weakened against other major currencies in the Asian session on Monday, as another set of weak U.S. economic data added to investor optimism that the Fed is done hiking interest rates.

The euro weakened against other major currencies in the European session on Wednesday. The euro fell to an 8-day low of 0.8685 against the pound and a 5-day low of 1.

The U.S. dollar was higher in the European session on Monday, as geopolitical tensions in the Middle East heightened following Hamas' violent attack on Israel over the weekend.

The U.S. dollar was higher in the European session on Monday, amid the Federal Reserve's stance of higher-for-longer interest rates and concerns about the property market in China.

The euro declined against its major counterparts in European deals on Thursday, as the European Central Bank raised interest rates by 25 basis points, but hinted at a pause in the tightening cycle as the bank estimates that the current level of interest rates if maintained for long would ensure a timely return of inflation to the target.

The U.S. dollar fell against its most major rivals in the European session on Monday, as investors await U.S. inflation data that could influence the Federal Reserve's interest rate path for the rest of the year.