Stay updated with breaking news from Az Dollar. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Australian dollar strengthened against other major currencies in the Asian session on Thursday, following the release of China's manufacturing activity that expanded for the first time in three months in May, as strong new orders boosted production.
The yen slipped against its major counterparts in the European session on Thursday, as approval of the U.S. debt ceiling deal by the House of Representatives and comments from Fed officials indicating a pause in interest rate hikes lifted risk sentiment.
The euro was lower against its major counterparts in the European session on Wednesday, after a data showed that French inflation slowed more than expected in May.
Commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major rivals in the Asian session on Tuesday, as most Asian stock markets traded lower, following the lack of cues from global markets overnight due to holiday in most markets, as traders turned to booking profits after the recent rally in some markets.
The euro traded lower against its major counterparts in the European session on Monday, as concerns over additional tightening of monetary policy by the Federal Reserve overshadowed optimism about the debt ceiling deal.