The dollar wallowed near a four-week low on Tuesday as traders waited with bated breath for the outcome of the Federal Reserve's two-day policy meeting.
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The euro hovered near a one-month high on Monday after Group of 20 officials said they expected an Oct 23 European Union summit to decisively address the region's debt woes, supporting hopes for a long-term solution.
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The euro held huge gains in Asia on Tuesday after hopes for a new EU debt plan sparked a correction in a deeply bearish market, though sentiment remains fragile as European leaders have disappointed many times before.
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The euro held gains in Asia on Friday, having rallied for a third session overnight when the European Central Bank (ECB) took steps to contain the euro zone crisis, with markets now focussed on key U.S. jobs data.
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Gold futures for December delivery fell slightly to settle at $1,617 on Thursday, lifted by strong physical demand and gains in the euro, but was back from earlier highs as the German parliament's approval of new powers for the euro zone rescue fund dampened interest in the metal as a haven from...
The euro clung to modest gains in Asia on Friday, following a brief boost after Germany approved an expansion of the euro zone bailout fund, but investors remain worried due to the many hurdles ahead of a workable resolution to the European crisis.*
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Spot gold held onto gains made in the previous session on Tuesday, but hopes that a Franco-German summit will make progress to help quell the region's sovereign debt crisis are expected to keep a lid on prices.*
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South Korea's central bank on Thursday held its policy interest rate steady for a second straight month, as expected, after signaling that recent market turmoil had put its rate "normalization" plans on hold despite surging inflation.
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The European Central Bank kept interest rates at 1.5 percent as expected on Thursday and its president Jean-Claude Trichet announced a six-month operation to inject liquidity in the markets.
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Timothy Connors, Director - Sales, Asia Pacific at Western Union Business Solutions talks about the RBA decision and his outlook on the Australian dollar.
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