Page 3 - Az Dollar News Today

The euro fell against its major counterparts in the European session on Thursday, as the region's inflation held steady in August and German policymaker Isabel Schnabel remarked that it is impossible to predict a peak rate or the duration of the tightening phase as the central bank has adopted a data-dependent approach for each policy rate-setting session.

The U.S. dollar moved up against its major counterparts in the New York session on Thursday, as the Federal Reserve's preferred gauge of inflation accelerated in July and initial jobless claims fell unexpectedly last week, supporting expectations that the central bank will keep interest rates on hold at its policy meeting next month.

The euro was higher against its major counterparts in the European session on Monday amid risk appetite, as China announced new measures to revive its capital markets and boost investor confidence.

The U.S. dollar dropped against its most major counterparts in the European session on Monday, as market participants awaited the Jackson Hole Symposium due later this week for more clues about the economy and rate outlook.

The U.S. dollar climbed against its major counterparts in the European session on Monday, ahead of key inflation readings from China and the United States due this week.

The U.S. dollar was lower against its major counterparts in the New York session on Friday, as softer-than-expected job growth in July sparked speculation that the Federal Reserve has neared the end of the tightening cycle.

The U.S. dollar climbed against its major counterparts in the European session on Tuesday amid risk aversion, as weak manufacturing PMI data from Asia and Europe revived growth worries.

The Japanese yen weakened against other major currencies in the Asian session on Monday, as investors reacted positively to data showing the U.S. economy grew more than expected in the second quarter, which helped quell fears of an imminent recession.

The Australian dollar strengthened against other major currencies in the Asian session on Thursday. The Australian dollar rose to a 6-day high of 95.24 against the yen and a 2-day high of 0.

The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major rivals in the Asian session on Monday, after the Chinese economy grew less than expected in the second quarter.