It hit a one-month low of $1.0709 two days ago.
The dollar weakened against a basket of currencies on Wednesday after the release of the FOMC minutes from its December meeting.
The yen rose on Tuesday as traders sought safety in the low-risk currency on anxiety about sluggish global growth.
Will Ballard, head of emerging market & Asia Pacific equities at Aviva Investors, discusses the recession in Brazil and says there is no valuation discount for investors looking to buy equities in the country.
The Japanese yen rose broadly, as financial market turbulence sent traders scrambling for the traditional low-risk currency.
The dollar ended 2015 with a more than 9 percent annual gain against a basket of currencies on Thursday.
The U.S. dollar rallied against commodity currencies such as the Norwegian crown and Russian ruble on Wednesday.
The U.S. dollar gained against the euro on Tuesday after greater risk appetite hurt demand for the shared currency.
The U.S. dollar held near a more than one-week low against a basket of major currencies on Monday.
The dollar fell against a basket of currencies on Thursday, putting it on track for its steepest monthly loss since April.
The dollar rose in thinned trading on Wednesday after data painted a mixed picture of the U.S. economy.
The dollar slipped against a basket of currencies on Tuesday as more traders booked profits on bullish greenback bets.
Tom Elliott, international investment strategist at DeVere Group, says if Brazil can get some stability in commodity prices and lose some political risk, it'll start to look cheap for investors.
Traders focused their attention on slumping commodities prices, on the global economy and central bank policies.
Andrew Kenningham, senior global economist at Capital Economics, says Brazil's new finance minister Nelson Barbosa may struggle to get his proposed fiscal reforms past Congress.
The dollar tumbled against the Japanese yen on Friday after the Bank of Japan merely tweaked its monthly asset-purchase program.
The U.S. dollar hovered near a two-week high against a basket of other major currencies a day after the Fed hiked interest rates.
The U.S. dollar lost some ground on Wednesday, after the Federal Reserve decide to raise interest rates for the first time in nearly a decade.
Sumedh Deorukhkar, senior economist for emerging Asia at BBVA, Hong Kong, identifies Brazil, Indonesia and Thailand as the emerging markets that will hurt from a Fed hike this week.
The U.S. dollar rebounded from a roughly six-week low against the euro on Tuesday.