The yen fell on Wednesday, hit by comments by Japan's finance minister that traders took as a sign of a weaker yen.» Read More
Global currency markets trod water ahead of interest rate decisions in Britain and the euro zone on Thursday.
The yen gained on Wednesday, as struggles in stock markets and the emerging markets forced investors to seek safe-haven currencies.
The Australian dollar surged almost two percent on Tuesday after moves from the country's central bank dropped.
The euro was soft on Monday as investors thought it more likely the European Central Bank would have to ease policy to combat slowing inflation.
The euro fell as soft euro zone inflation data rekindled concerns the ECB may have to act to combat deflation, while the dollar gained.
The dollar rose against a basket of currencies on Thursday after data showed the US economy produced solid growth in the fourth quarter.
Several analysts see an upside for Russia to the emerging market rout, seeing it as "easy money" for the government's coffers.
The yen rose against the dollar, suggesting emergency action to stabilize Turkey would not be enough to quell nerves over emerging markets.
The dollar regained a firmer footing against the yen on Tuesday as investors took a breather from a sell-off of stocks and emerging market assets.
Safe-haven currencies like the yen and the Swiss franc were much in demand on Monday as an emerging markets sell-off continued.
The yen, Swiss franc and euro charged higher amid worries about a China slowdown and turmoil in some emerging markets.
Sterling rose to an almost three-year high against the dollar on growing expectations that the BoE will raise interest rates sooner.
SYDNEY/ TOKYO, Jan 23- The Canadian dollar slid to 4 1/ 2- year lows on Thursday after the Bank of Canada said the currency's depreciation should help exports, while the Australian dollar weakened following a disappointing survey of Chinese manufacturers.
*Eyes on China's manufacturing sector report. SYDNEY, Jan 23- The Canadian dollar wallowed at four-year lows early on Thursday after the Bank of Canada all but begged the market to sell the currency, while sterling took off as investors priced in an earlier start to rate hikes in the UK.
David Rodriguez, Quantitative Strategist at DailyFX, explains why he thinks shorting the Canadian dollar is a profitable trade.
*UK jobs data drive sterling higher. NEW YORK, Jan 22- The dollar edged higher on Wednesday, helped by sharp gains against the Canadian currency as the greenback's outlook stayed upbeat, with the Federal Reserve possibly a week away from its next round of reduction in asset buying.
The dollar slipped on Wednesday, hurt by gains in sterling and the Australian currency.
*Bank of Canada meets after rough month for Canadian dollar. LONDON, Jan 22- The Australian dollar stole the spotlight on Wednesday, rallying against its U.S. counterpart after an unexpected spike in inflation led investors to cut back bets on another interest rate cut.
The dollar rose versus the yen on Tuesday, helped by renewed talk that the U.S. Federal Reserve may announce a further taper next week.
NEW YORK, Jan 21- The dollar strengthened on Tuesday in tandem with U.S. Developed market currencies were given a boost after the International Monetary Fund raised its global economic growth forecast to 3.7 percent in 2014 from 3.6 percent in October, its first increase in estimates in near two years.