The yen and Australian dollar nursed heavy losses early on Wednesday, having suffered a swift turnaround in fortunes as a shakeout in long dollar positions came to an abrupt end following upbeat U.S. retail sales data.
The U.S. dollar's decline to multi-week lows against the Japanese yen following Friday's shockingly weak U.S. jobs number represents just a temporary setback for the greenback, according to CNBC's latest poll.
The U.S. dollar has taken a beating in the aftermath of last week's much softer-than-anticipated non-farm payrolls report, dealing a blow to those betting on a stellar year for the greenback.
The dollar tumbled to its lowest in almost a month against the yen on Monday, following Friday's soft U.S. jobs data.
Trading at a four-year low and suffering its worst week since last June, the Canadian dollar has come under pressure against a basket of G10 currencies.
Sean Fenton, Portfolio Manager at Tribeca Investment Partners describes how a weaker Australian dollar will propel the local market higher this year.
The dollar fell broadly after weaker-than-expected U.S. jobs data on Friday affirmed expectations that the Federal Reserve will take a gradual approach to tapering its bond buying program this year.
The euro traded marginally higher against the dollar, recovering from a sharp sell-off spurred by cautious comments made by the ECB's Mario Draghi.
Gary Glover is an Advisor at Novus Capital gives CNBC's Cash Flow his Australian trading strategy for 2014.
The dollar gained against a basket of currencies on Wednesday after minutes of the Fed's Dec. 18-19 policy meeting.
The dollar gained against the yen on Tuesday, buoyed by US trade deficit data that could inflate estimates for fourth-quarter growth.
Sue Trinh, Senior Currency Strategist at RBC Capital Markets, says that higher commodity exports alongside low interest rates should help growth this year.
The dollar dipped against the euro and yen on Monday as weaker-than-expected data gauging the US services sector reflected slowing growth.
Glenn Maguire, Chief Economist, Asia Pacific at ANZ, explains why the Australian dollar is likely to gradually grind lower this year, as opposed to 2013's sudden plunges.
The U.S. dollar is expected to weaken further next year as the global economic recovery takes hold, analysts said.
Michael Woolfolk, MD & Senior Currency Strategist at BNY Mellon lists three factors that he says are undermining the U.S. dollar.
Jens Nordvig, Global Head of FX Strategy at Nomura explains why a stronger than expected pace of growth in the US could bring volatility back to the currency markets and spoil the USD's uptrend.
The dollar rose against the euro as US data further supported the stance for the Federal Reserve to gradually scale back its bond-buying stimulus.
Alex Vynokur, Co-founder & Managing Director of BetaShares, tells CNBC's Cash Flow why he thinks Australian financials are looking particularly bright in 2014.
David Rodriguez, Quantitative Strategist at DailyFX says the resurgence in U.S. Treasury yields show that markets aren't buying the Fed's low-rate message and that will improve the USD's position.