The euro inched higher, getting some respite as feverish speculation of an imminent round of easing by the European Central Bank cooled.» Read More
The euro rose against the dollar on Friday, posting its first weekly gain in seven weeks on hopes Cyprus will find a solution before Monday to avert a financial meltdown.
The yen surged against the dollar and euro on Thursday as fears of a financial meltdown in Cyprus spurred investors to sell riskier trades.
The US dollar rallied after a decision by the Federal Reserve to continue its aggressive monetary easing fueled optimism about the US economic recovery.
The euro dropped to near a four-month low against the US dollar on Tuesday and looked poised to extend losses as uncertainty about Cyprus reignited fears about the euro zone currency.
The euro tumbled to a more than three-month low against the U.S. dollar as a bailout plan for Cyprus that will tax bank deposits spurred contagion worries in the euro zone.
The dollar fell from a seven-month high against a basket of currencies Friday after US data dented optimism about the economy and reinforced expectations the Fed will continue its bond-buying program for the foreseeable future.
The dollar fell from a seven-month high against a basket of currencies on Thursday as some traders bet it may have rallied too quickly.
The dollar climbed to a seven-month high against a basket of currencies on Wednesday as robust U.S. retail sales data bolstered prospects for the world's largest economy.
The yen rose against the dollar for the first time in a week on Tuesday, rebounding from a 3 1/2-year low, as short and long-term investors opted to book profits.
The dollar rose against the yen Monday, trading near a 3 1/2-year high set the previous session when strong U.S. jobs data spurred speculation the Federal Reserve could back away from its ultra-loose monetary policy.
The dollar touched a fresh 3 1/2-year high against the yen and a three-month high against the euro on Friday, buoyed by a stronger-than-expected U.S. jobs report.
The euro climbed to a session peak against the dollar on Thursday as the ECB gave no hints about monetary policy easing in the months ahead after leaving its benchmark interest rate unchanged.
The euro fell against the dollar on Wednesday, a day before an ECB policy-setting meeting, on concerns the bank may flag future interest rate cuts.
The Dow Jones average hit a record high on Tuesday. Such risk-on appetite has traditionally had a negative correlation for safe-haven currencies such as the dollar. But Ian Stannard, FX strategist at Morgan Stanley believes things will be different for the greenback this time, with global currency market dynamics changing quite rapidly.
The euro rose for a second straight day against the dollar as risk sentiment improved after a major U.S. stock index surged to all-time highs.
The euro remained near a 2 1/2-month low on Monday on rising expectations that euro zone economic worries could prompt the European Central Bank to cut interest rates.
The dollar rose to a six-month high against a basket of currencies, buoyed by gains against the euro on growing evidence the U.S. economy was showing signs of improving.
Stalemate in the United States over automatic government spending cuts due to take effect March 1 and an inconclusive election in Italy undermined the euro on Thursday.
The euro traded flat against the U.S. dollar and yen on Tuesday, recouping early losses with the help of U.S. central bank assurances that a bond-buying stimulus program will remain in place.
The U.S. dollar and euro fell sharply in late afternoon trade as uncertainty about Italy's elections and sharp losses in stocks led investors to unwind trades funded in yen.