Daily FNArena News - Currencies

With its expectations for rate hikes in the US being pushed out Commonwealth Bank has revised its currency forecasts, lowering US dollar expectations and lifting estimates for other currencies.

Jennifer Gorton from ForexTraders.com explains the inner workings behind US dollar movements on FX markets.

The short term outlook for AUD/USD is likely to be determined by what the FOMC comes up with on Thursday morning, argue analysts at NAB.

China has announced it will end the peg of its currency against the US dollar, an announcement analysts see as a positive for the Australian dollar.

The Aussie dollar is taking guidance from the US equities market these days, report FX experts at National Australia Bank.

By Rudi Filapek-Vandyck Australian dollar bulls can forget about the currency reaching parity against the US dollar for the time…

Talk about AUD/USD parity has evaporated from the market place, with the AUD now facing tough headwinds.

The USD seems on the cusp of entering new trends against major FX counterparts, report analysts at Barclays Capital.

This week may be looked at in coming months as the time when economic data and fundamental drivers turned decisively in the NZD’s favour, reports Antipodean’s Craig Ferguson.

In the view of Danske Bank the euro is likely to remain under pressure against the US dollar in the shorter-term.