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The Japanese yen weakened and the Australian dollar strengthened against their major currencies in the Asian session on Monday, as most Asian stock markets traded higher following the broadly positive cues from global markets on Friday.
Antipodean currencies such as the Australia and New Zealand dollars strengthened against other major currencies in the Asian session on Friday, after Asian shares traded higher to earnings-driven rally among U.
The U.S. dollar firmed against its major counterparts in the European session on Friday, as market participants await the personal consumption expenditure price index, the Fed's preferred gauge of inflation, due out later today.
Commodity currencies such as the Australia, the New Zealand and the Canadian dollars came under pressure in the Asian session on Wednesday, as Asian shares traded lower amid renewed concerns about turmoil in the banking sector after First Republic reported a loss of more than $100 billion in deposits in the first quarter.
The U.S. dollar declined against its major counterparts in the European session on Wednesday, as better-than-expected earnings reports from tech giants Microsoft and Alphabet lifted risk sentiment.