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The Australian dollar came under pressure against other major currencies in the Asian session on Tuesday, after the Reserve Bank of Australia Governor Philip Lowe has kept the Official Cash Rate (OCR) unchanged at 3.
The euro and the pound appreciated against their major counterparts in the European session on Monday, as a surprise decision by major oil producers to cut oil production sparked a rally in oil prices.
The U.S. dollar was higher against its major counterparts in the European session on Friday, as investors awaited the release of key U.S. inflation data later in the day that could influence the Fed's monetary policy path.
The U.S. dollar retreated against its major counterparts in the New York session on Friday, as core personal consumption expenditure price index, the Federal Reserve's preferred measure of inflation, came in lower than expected in February.
The euro was higher against its major counterparts in the European session on Thursday, even as Spanish inflation cooled more than estimated in March. Preliminary data from statistical office INE showed that consumer prices climbed at a much slower pace of 3.