The yen rose from a 4-1/2-year low against the dollar after Japan's economy minister suggested the currency might have weakened enough.» Read More
The yen rose from a 4-1/2-year low against the dollar after Japan's economy minister suggested the currency might have weakened enough.
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.
Hamish Pepper, Forex Strategist at Barclays gives CNBC's Cash Flow a few options for trading the weakening Australian dollar.
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.
The euro firmed across the board on Tuesday after data showing German industrial orders beat forecasts, but the prospect of further monetary easing could limit its gains.
The U.S. dollar rose for a third straight session against the yen on Monday and looked set to make another run at the 100 yen level on renewed optimism about the U.S. economy.
The dollar surged more than 1 percent against the yen on Friday after strong U.S. April jobs data fueled optimism the U.S. economy may be more resilient than some had feared.
*C$ at C $1.0115 vs US$, or 98.86 U.S. cents. But the loonie, as Canada's currency is colloquially known, strengthened sharply against the euro, knocking off almost a cent after the jobs data to trade around C $1.3175 versus the common currency.
TORONTO, May 3- The Canadian dollar pared early losses against its U.S. counterpart on Friday as U.S. employment rose more than expected in April. The currency moved to C $1.0102 to the greenback, or 98.99 U.S. cents, after the data, compared to C $1.0115 just before. It closed on Thursday at C $1.0083.
The euro fell sharply against the dollar in choppy trading on Thursday after European Central Bank President Mario Draghi said the bank is ready for negative deposit rates.
TORONTO, May 2- The Canadian dollar hit its weakest versus the U.S. dollar in two days on Thursday after the Bank of Canada surprised investors by appointing Stephen Poloz as its new governor. The currency pushed as high as C $1.0106 to the greenback, or 98.95 U.S. cents after the bank appointed Poloz, the head of Canada's export credit agency.
*C$ at C $1.0071 to the US$, or 99.30 U.S. cents. TORONTO, May 2- The Canadian dollar strengthened against its U.S. counterpart on Thursday after the domestic economy posted a surprise trade surplus, though the gain was trimmed by greenback appreciation after a sharp fall in jobless claims.
TORONTO, May 2- The Canadian dollar strengthened against the U.S. dollar early on Thursday after the domestic economy posted a surprise trade surplus. The currency firmed to C $1.0060 to the greenback, or 99.40 U.S. cents, after Statistics Canada said growing exports led to a C $24 billion surplus in March. It closed at C $1.0081, or 99.20 U.S. cents on Wednesday.