Aussie Jumps On Rba

(Reuters) - The euro and the Australian dollar bounced back against the U.S. dollar on Friday as concerns over a slowdown in China and the euro zone eased slightly, but dealers said the greenback would be supported by the improving outlook in the United States. Worries about faltering global growth in the euro zone and China, which had hit stocks and riskier currencies a day earlier, eased off slightly tempering demand for safer bets such as the dollar and the yen. The dollar slipped to a three-week low versus the euro and the Swiss franc, also plumbing a two-week trough against a basket of currencies .DXY but traders said the sell-off was in thin liquidity and expected the greenback to hold firm. "We've definitely seeing a rotation of growth expectations with the U.S. outlook ...

(Reuters) - The euro nudged lower on Tuesday in Asia, though most traders clung to hopes Greece would finally clinch a rescue package despite its politicians postponing a decision to accept painful terms by yet another day. The Australian dollar jumped a full cent to a six-month peak at $1.0812 and reached a record high on the euro after the Reserve Bank of Australia in a surprise move kept interest rates steady at 4.25 percent. Failure to secure the 130 billion euro ($170 billion) rescue for Greece would risk a messy debt default and destabilize the entire euro zone, an outcome deemed too extreme to contemplate by many experts. These hopes have kept euro bears in check for now, resulting in a volatile but resilient single currency. The euro stood at $1.3108, a tad below late New York ...

The Week Ahead Highlights * Dollar gets slammed on monetary policy outlook * ECB keeps its cards close to its chest * The UK: pricing out a rate hike * Will the BoC do anything Loonie next week? * Key technical levels to watch in the week ahead * Key data and events to watch next week Dollar gets slammed on monetary policy outlook The U.S. dollar has weakened significantly this past week as monetary policy divergences became more prevalent and commodities continued to soar. Precious metals marched higher with gold hitting new record highs while silver broke above $40 and oil topped $110 a barrel. Currencies whose countries export commodities were beneficiaries as highlighted by new post-float highs in AUD/USD which climbed above 1.0500 and multi-year lows in USD/ ...