The yen soared against the dollar after a round of modest monetary policy easing from the Bank of Japan disappointed investors. » Read More
The dollar touched a two-week high against the yen on Friday and rose from a two-month low versus a basket of major currencies.
China's official PMI came in at 50.1 for April, a tad above expectations, but still indicating the world's second-largest economy is cooling down.
The greenback reversed earlier losses to trade higher against a basket of currencies on Thursday.
The yen pushed higher on Thursday after the BOJ kept policy unchanged and held off from expanding its monetary stimulus.
The dollar dropped to an eight-week low after a weak U.S. consumer confidence report.
Sterling has boomed since mid-April and some analysts say the rally could run way beyond next month’s national election.
The euro scaled a three-weak peak against the dollar on optimism about Greece's prospects after the government reshuffled its bailout team.
China shares have surged this year, but with active fund managers still underexposed to the market, the rally isn't over, Goldman Sachs said.
Jukka Pihlman, Head of Central Banks & Sovereign Wealth Funds at Standard Chartered Bank, says yuan inclusion into the SDR basket would be a "healthy development."
Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday.
The dollar fell against most other major currencies on Thursday, while the euro rose on waning fears of a Greek default.
The dollar edged upward after a jump in U.S. home sales data lifted expectations Federal Reserve policymakers may soon hike interest rates.
The euro inched up against the dollar, pivoting from early losses following an ECB proposal.
Despite fears Kaisa's bond default may herald of a wave of more to come from China, the developer's troubles may be more of a one-off soap opera.
The dollar rose broadly, with the euro sliding more than half a percent against the U.S currency, on growing concern that Greece may default on debts.
The dollar index traded slightly lower in late-afternoon Friday as the euro extended its gains.
Richard Harris, chief executive of Port Shelter Investment Management, says difficulties in the convertibility of the renminbi remain as obstacles to the currency's inclusion in the SDR currency basket.
Jim Rickards, chief global strategist at West Shore Funds, explains why the topic about including the yuan in SDR's basket could steal the limelight at upcoming IMF and World Bank meetings.
The dollar was on track for its biggest daily decline against a basket of major currencies in nearly two weeks on Thursday.
The dollar traded lower across the board after an earlier rebound versus the euro amid the ECB's reiteration of its dovish stance on monetary policy.