Increased defaults in China's corporate bond market - generally viewed as a positive - could send investors running for the hills, analysts warned.
Citi's Mohammed Apabhai says the yuan is moving in line with the strengthening dollar given the Fed rate hike expectations.
The U.S. dollar rose against the yen for a second straight day and hovered near its highest level in roughly 10 weeks against the euro.
The People's Bank of China cheapens the currency to its lowest level since 2011 as the dollar climbs.
The U.S. dollar hit its highest level against the euro in more than eight weeks on Tuesday and rallied against the yen.
The U.S. dollar gained against the euro on Monday after Federal Reserve officials made hawkish remarks on monetary policy.
The U.S. dollar hit its highest level against the yen in more than three weeks on Friday.
The dollar stood tall and set a three-week high against the yen on Thursday, after the minutes of the U.S. Fed's meeting rekindled expectations.
The dollar rallied to a three-week high against the euro and a basket of currencies on Wednesday.
The U.S. dollar dipped against a basket of major currencies on Tuesday amid U.S. inflation data.
The yen weakened on Monday as risk appetite improved with the rise in oil prices and Japan.
The dollar climbed to a two-week high against a basket of currencies on Friday.
The yen fell as investors sold it on speculation that the Bank of Japan could decide to expand its monetary stimulus as soon as next month.
The dollar fell against a currency basket for the first time in seven days on Wednesday.
The yen slid to a nearly two-week low against the dollar on Tuesday as risk appetite improved for a second straight session.
The yen hit a 10-day low after Japan's finance minister said Tokyo was ready to intervene in the currency market if needed.
China's foreign exchange reserves rose in April to $3.22-trillion, making the second consecutive monthly increase of the year.
The dollar rose against a basket of currencies after William Dudley told the NYT the Fed may raise interest rates twice in 2016.
Peter Alexander of Z-Ben Advisors, talks about investment opportunities in China, and weighs in on comments made by Donald Trump about China trade.
The dollar rose against a basket of currencies for a third day on Thursday.