The ECB's forward guidance may adjust policy to tighten the slack in the Euro zone economy, a senior ECB official said.» Read More
The euro rose against the dollar on Wednesday, reversing a drop to a near three-week low earlier in the global session.
The euro hit a two-week low against the dollar after weak German data fanned concerns about the euro zone economy and speculation the European Central Bank could cut interest rates.
So, will dollar-yen continue its descent to hit 100 this week or does the yen, which has fallen more than 20 percent since mid-November, need a fresh catalyst to trigger a further downward move? Vote and let us know what you think.
The yen hovered near the key level of 100 to the dollar on Monday after major industrialized nations gave their stamp of approval to a massive Japanese easing program.
The U.S. dollar and euro rallied 1.5 percent versus the yen on Friday after Japan said the Group of 20 countries did not oppose its aggressive monetary easing.
The euro edged higher against the dollar as more signals of a weakening U.S. economic recovery lifted it from its biggest daily drop in 10 months in the previous session.
The euro suffered its biggest daily decline against the dollar in nearly a year on Wednesday, weakened by talk of a euro zone interest rate cut.
The yen tumbled against the dollar and euro Tuesday, reversing the previous session's sharp gains as investor anxiety triggered by a record plunge in gold prices eased.
The yen rose from recent multi-year lows against the dollar and euro on Monday amid renewed worries about the global economy.
The dollar declined from a four-year peak against the yen Friday after a fall in U.S. retail sales reinforced expectations the Fed will keep its monetary policy loose.
The dollar rose to another four-year high against the yen on Thursday, closing in on the key 100 yen level.
The dollar rose to a four-year high against the yen on Wednesday, edging closer to the key 100-yen mark after release of the U.S. Federal Reserve's March meeting minutes.
Thomas Harr, Head of Asia Local Markets Strategy at Standard Chartered Bank believes the yen carry trade is back, which will benefit South East Asian currencies.
The dollar edged down from a near four-year high against the yen on Tuesday as traders booked profits on its sharp rally, but the yen's weakening trend remained intact.
The yen plummeted to its lowest against the dollar in nearly four years and reached a three-year trough versus the euro on Monday after the Bank of Japan kicked off its aggressive monetary easing program in an attempt to beat persistent deflation.
The U.S. dollar weakened against most major currencies on Friday, hitting nearly two-week lows against the euro, as weaker-than-expected jobs data raised concerns that the pace of recovery in the American labor market has slowed.
The dollar and euro made their largest percentage gains against the yen since late 2008 after the Bank of Japan surprised the markets with an ambitious plan to fight deflation in a radical overhaul of policy.
The dollar fell across the board on Wednesday after a report showed the US private sector created fewer jobs than expected last month, raising concerns that recovery has stalled.
The dollar rallied from one-month lows against the yen on Tuesday, benefiting from a rally in U.S. stocks and investor caution ahead of a Bank of Japan meeting this week.
The dollar fell to a nearly four-week low against the yen on Monday as softer-than-expected US manufacturing data suggested the economy may have run out of steam at the end of the first quarter.