Yellen's speech cited persistent labor market slack but noted faster recovery in the sector could accelerate the timing of a Fed interest rate hike.» Read More
The euro gained for a second straight session against the dollar on Monday, benefiting from technical factors as well as expectations that the European Central Bank will refrain from cutting interest rates.
The dollar climbed to a nearly 2 1/2-year peak against the yen Friday after minutes from the Fed's meeting the previous day showed growing concern about further stimulus for the economy.
The dollar climbed to a three-week high against a basket of currencies as concerns about budget wrangling in Washington drove investors to the U.S. currency.
The dollar suffered against higher-yielding currencies after U.S. lawmakers approved a last-minute deal to avert huge tax rises and spending cuts, spurring demand for riskier investments.
The U.S. dollar edged up to a two-week high against major currencies Friday as investors waited to see if U.S. politicians can strike a last-minute budget deal.
As central banks in both the U.S. and Japan look set to continue aggressive monetary easing policies in 2013, Dan Harden, senior commercial dealer at Global Reach Partners has told CNBC traders should short both countries' currencies and look for high yields from the Australian and New Zealand dollar.
The yen fell to its lowest against the dollar in more than two years on Thursday, on expectations Tokyo will push for aggressive monetary stimulus.
Risk-sensitive currencies are unbowed by 'fiscal cliff' worries and Japan's incoming prime minister talks tough - it's time for your FX Fix.
Currencies held to tight ranges in thin pre-holiday trade Thursday, with the euro see-sawing against the U.S. dollar while investors struggle to gauge developments on U.S. budget talks.
South Africa's currency may have taken a battering in recent months, making it one of the worst performing major currencies this year, but analysts have told CNBC that the rand (ZAR) could be ready for a turnaround in 2013.
Ray Attrill, Co-Head of FX Strategy, NAB plots the Japanese currency's next moves following the elections and outlines why the central bank should be purchasing more government bonds.
The euro rose against the dollar for a second straight day Tuesday, as surprisingly strong German economic sentiment and optimism about the US spurred broad-based risk-taking.
New Zealand's central bank held its key rate at a record low and indicated it would likely stay there into 2014 because of a strong dollar, and the prospect of inflation from a pick-up in earthquake rebuilding and more active housing market.
The euro fell from a seven-week high Wednesday after a disappointing Spanish bond auction and weak euro zone economic data.
The euro rallied to a near seven-week high against the dollar Tuesday after Greece announced better-than-expected terms for its debt buyback.
The euro gained for a fourth straight session on Monday to hit a six-week high as news from Spain and Greece eased concerns about the debt-burdened countries.
The euro hit a six-week high against the dollar on Monday, with some investors trimming bets against the single currency on signs Germany may be open to a Greek debt write-down.
The euro rose to its highest in more than five weeks against the dollar on Friday, heading for its fourth straight month of gains, as investors clung to hopes that U.S. politicians would reach a fiscal deal before the end of the year.
Aid to Spain eases that country's pain but Greek drama still weighs on the euro — it's time for your FX Fix.
A Greek aid deal briefly lifts the euro and the OECD issues a warning — it's time for your FX Fix.