The dollar was firmer against most, posting its biggest one-day rally in over a month against the yen and notching solid gains against the Aussie.» Read More
Chris Tedder, Research Analyst at FOREX.com is expecting further action from the Bank of Japan to spur growth which could weaken the yen further.
The dollar retreated on Wednesday as U.S. Treasury yields eased from more than one-year highs, although most investors are convinced the greenback's upward trend is intact.
The dollar rebounded against the euro and yen Tuesday after robust U.S. economic data reinforced expectations the Federal Reserve may start unwinding its stimulus program.
The dollar rose against the euro on Friday, recovering from an early swoon after better-than-expected U.S. durable goods data for April eased investor concerns about the U.S. economy.
HSBC has turned bullish on the U.S. dollar, as a result of a global currency war which the bank said is "intensifying", with a number of central banks following in Japan's footsteps.
The dollar was on track for its biggest daily drop in more than five weeks against the yen after a sharp slide in Japanese stocks and weak Chinese factory activity data.
The dollar rallied to trade at a fresh 4 1/2-year high against the yen after Fed Chairman Ben Bernanke warned that holding interest rates too low for too long has its risks.
The U.S. dollar fell against the euro on Tuesday after St. Louis Federal Reserve President James Bullard dented expectations the U.S. central bank may taper its bond purchases.
The U.S. dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering bond purchases this week.
Peter Whitley, Senior FX Analyst at Thomson Reuters says to short AUD/USD and NZD/USD on any rally.
The dollar rose against a swath of currencies on Friday, rocketing to 4 1/2-year high against Japan's yen.
The Australian currency has been falling sharply and selling the Aussie dollar for the appreciating Mexican peso is becoming an increasingly popular trade, said an analyst.
The U.S. dollar recovered to trade higher against the euro and yen late Thursday afternoon in a volatile session that saw the U.S. currency swing between gains and losses.
The euro fell to a six-week low against a buoyant dollar on Wednesday, hurt by an unexpectedly large contraction of the euro zone economy.
The yen fell against the dollar on Tuesday for a fourth straight session, hitting its lowest level in 4 1/2 years as signs that the U.S. economy is improving.
The dollar gained for a third straight session against the yen and euro on Monday as data showing a rise in U.S. retail sales assuaged fears of an economic slowdown.
The yen tumbled to its lowest in more than four years against the dollar on Friday on data showing Japanese investors were buying more foreign assets.
The U.S. dollar skyrocketed to its highest level against the Japanese yen in over four years on Thursday, piercing the key technical and psychological 100 yen-per-dollar mark.
The euro rose against the dollar after an unexpected rise in German industrial output was seen making a near-term euro zone interest rate cut less likely.
Neil Looker, chief dealer Institutional FX at City Index, explains that the euro remains strong due to recent "robust" data.