The euro hovered just under a three-week peak early on Tuesday, having pushed higher overnight as the dollar came under broad pressure and on renewed hopes that cash-strapped Greece was a step closer to securing fresh funding.» Read More
The dollar rose to a six-week high against major currencies on Tuesday after stronger-than-expected U.S. economic data bolstered expectations the Federal Reserve will start scaling back stimulus this month.
The dollar rose to a one-month high against the safe-haven yen on Monday as worries about a military strike against Syria diminished, while commodity currencies edged higher.
The U.S. dollar reached a four-week peak against a basket of major currencies on Friday as investors sought its safe-haven status on the possibility of a U.S. military strike on Syria.
The dollar was on track for its largest daily gain against the euro in four months after U.S. data emboldened the view that the Federal Reserve could next month begin tapering.
The U.S. dollar rallied across the board on Wednesday as investors sought the greenback's safety given the possibility of Western military action in Syria.
The dollar edged higher against the euro on Monday as dismal U.S. durable goods data did little to shift expectations that the U.S. Federal Reserve's wind-down of its stimulus program is around the corner.
The dollar fell against a basket of currencies on Friday, falling from a three-week peak against the yen, as a steep drop in U.S. new-home sales raised doubts that the Federal Reserve will actually reduce its asset-buying next month.
The dollar rose for a second straight session on Thursday, tracking gains in U.S. Treasury yields, as the Federal Reserve's minutes of its July meeting cemented market expectations for tapering in September.
The dollar gained across the board on Wednesday after minutes of the Federal Reserve's meeting in July suggested that the U.S. central bank was still on track to taper its asset-buying program next month.
The dollar fell on Tuesday, hitting a six-month low against the euro and a two-month trough against the Swiss franc, as U.S. Treasury yields retreated and the timing of the Federal Reserve's stimulus reduction remained uncertain.
The euro rose to a two-week high against the yen and edged higher versus the dollar on Monday, boosted by Bundesbank which suggested that the European Central Bank's low interest rate pledge last month was not set in stone.
The dollar reversed course during New York trading on Friday to rise against the euro and yen after a report showed U.S. consumers were less optimistic, prompting a rise in risk aversion.
Khoon Goh, Senior FX Strategist at ANZ, says data drives forex market at the end of the day, and countries with better data will see their currency appreciate.
The dollar fell broadly on Thursday after reversing earlier gains that sent it up against the euro and yen amid a cross-current of economic data that muddied the view on when the U.S. Federal Reserve will start trimming stimulus measures.
The euro was little changed against the dollar on Wednesday after data showed the euro zone had emerged in the second quarter from its longest recession to date.
The dollar climbed to a one-week high against both the euro and the yen on Tuesday after a key gauge of U.S. consumer spending rose at its fastest pace in seven months.
The dollar rose on expectations of strong U.S. data that could signal an early scaling back of monetary stimulus.
The dollar rebounded 0.2 percent from a recent seven-week low against a basket of currencies on Friday as investors bought at cheaper levels, with talk about when the Federal Reserve will begin cutting back its monthly bond buying dominating market chatter.