The dollar gained as investors looked ahead to jobs data on Friday that is expected to show a still strengthening labor market.
The dollar's appreciation has "peaked" and the U.S. economy is "doing nothing," an economist has told CNBC.
Steen Jakobsen, chief economist at Saxo Bank, says everyone east of Europe is likely to have interest in the Chinese renminbi.
Tommy Xie, economist at OCBC, says new orders remain weak due to lagging domestic demand, while falling input prices reflect persisting deflationary pressure.
Clive McDonnell, head of equity strategy at Standard Chartered, says below-par external demand is the key factor hurting China's manufacturing activity.
The downturn in China's manufacturing sector intensified in July, with the Caixin China PMI surprising with a drop to a two-year low.
The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note.
The dollar rose to its highest level this week on Thursday after the U.S. Federal Reserve took another step towards raising interest rates.
China's property market slump could hit the banks according to ratings agency S&P, in the latest warning to the world's second largest economy.
The euro whipsawed against the dollar on Wednesday after the Federal Reserves said it would leave interest rates unchanged.
Emerging market currencies were eyed by investors on Wednesday as weak oil prices, China's market pain and after the Federal Reserve left its interest rates unchanged.
Willie Chan, Asia regional strategist at Kim Eng Securities, attributes his bearish outlook for Chinese and Hong Kong equities to factors such as weak market sentiment.
The U.S. dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies.
Callum Henderson, global head of FX research at Standard Chartered, says the yuan remains steady against the dollar on Tuesday after the central bank fixed its midpoint at a two-week high.
China's central bank said on Tuesday that it will use various monetary tools to maintain appropriate levels of liquidity in the year's second half.
A move to widen the yuan's trading band may trigger renewed volatility and further damage market sentiment, analysts warn.
The U.S. dollar hovered around a nearly two-week low against a basket of major currencies on Monday.
Johanna Chua, head of Asia economics & market analysis at Citi, discusses the State Council's announcement that China will allow the yuan to trade in a wider range against the dollar.
The dollar rose against a basket of currencies on Friday in choppy trade.
The preliminary China Caixin PMI for July dropped to a 15-month low, with analysts pinning the hit on the recent stock market crash and weak export demand.