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The Australian dollar strengthened against other major currencies in the Asian session on Thursday, as the stronger jobs data in March pointed to a tight labor market that could keep inflation elevated and open doors for the Reserve Bank to raise interest rates again.
The U.S. dollar depreciated against its major counterparts in the New York session on Thursday, as the nation's producer prices fell unexpectedly in March, strengthening expectations that the Federal Reserve will end its tightening cycle soon.
The U.S. dollar came under pressure during the New York session on Wednesday, as the nation's consumer inflation slowed more than expected in March, supporting expectations that the Federal Reserve could pause its policy tightening after the next meeting in May.
The Australian dollar strengthened against other major currencies in the Asian session on Tuesday, after the release of data showing that the nation's consumer sentiment increased in April.
The Australian dollar strengthened against other major currencies in the Asian session on Tuesday. The Australian dollar rose to a 5-day high of 1.6309 against the euro, from yesterday's closing value of 1.