The dollar eased from an 11-year peak against a basket of currencies on Tuesday, hit by losses against the yen.» Read More
The U.S. dollar's decline to multi-week lows against the Japanese yen following Friday's shockingly weak U.S. jobs number represents just a temporary setback for the greenback, according to CNBC's latest poll.
The U.S. dollar has taken a beating in the aftermath of last week's much softer-than-anticipated non-farm payrolls report, dealing a blow to those betting on a stellar year for the greenback.
The dollar tumbled to its lowest in almost a month against the yen on Monday, following Friday's soft U.S. jobs data.
Trading at a four-year low and suffering its worst week since last June, the Canadian dollar has come under pressure against a basket of G10 currencies.
The dollar fell broadly after weaker-than-expected U.S. jobs data on Friday affirmed expectations that the Federal Reserve will take a gradual approach to tapering its bond buying program this year.
The euro traded marginally higher against the dollar, recovering from a sharp sell-off spurred by cautious comments made by the ECB's Mario Draghi.
The dollar gained against a basket of currencies on Wednesday after minutes of the Fed's Dec. 18-19 policy meeting.
The dollar gained against the yen on Tuesday, buoyed by US trade deficit data that could inflate estimates for fourth-quarter growth.
The dollar dipped against the euro and yen on Monday as weaker-than-expected data gauging the US services sector reflected slowing growth.
The U.S. dollar is expected to weaken further next year as the global economic recovery takes hold, analysts said.
Michael Woolfolk, MD & Senior Currency Strategist at BNY Mellon lists three factors that he says are undermining the U.S. dollar.
Jens Nordvig, Global Head of FX Strategy at Nomura explains why a stronger than expected pace of growth in the US could bring volatility back to the currency markets and spoil the USD's uptrend.
The dollar rose against the euro as US data further supported the stance for the Federal Reserve to gradually scale back its bond-buying stimulus.
One effect of the Fed's scaling back its bond-buying program: a stronger dollar. The bullish calls are already heating up.
The dollar hit a five-year high versus the yen on Friday as markets focused on the divergence between U.S. and Japanese monetary policy, driving U.S. Treasury yields higher after Wednesday's Fed decision to start cutting bond-buying.
The dollar traded near a five-year high against the yen on Thursday, a day after the Federal Reserve announced its long-awaited first cut in its bond-buying program.
Following the Federal Reserve's decision to taper its bond buys, the dollar rose against the euro before reversing, with the euro now higher.
The dollar drifted higher on Tuesday, trading in narrow ranges, as investors continued to adjust positions ahead of this week's key decision on bond-buying by the Fed.
The euro edged higher against the dollar on Monday after two days of losses, lifted by euro zone data showing business activity picked up, while uncertainty over the Federal Reserve's economic stimulus program kept investors wary of the greenback.
The dollar dropped from five-year highs against the yen Friday as investors reduced bets on the greenback amid caution ahead of a U.S. Federal Reserve policy meeting next week that may herald a wind-down of its massive stimulus measures.