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
Sterling rallied on Thursday after new measures to cool the UK housing market failed to dampen rate rise expectations.
The pound saw losses after comments from the BoE cooled expectations for an interest rate hike, while its G3 counterparts drifted in well-worn ranges.
The British pound fell after the Bank of England did little to bolster rate hike expectations.
SYDNEY/ TOKYO, June 24- The dollar-bloc currencies held onto gains on Tuesday, having outperformed their G3 peers on optimism about Chinese growth. The Canadian dollar traded at C $1.0725, not far from a 5-1/ 2 month peak of C $1.0717 per U.S. dollar.
The Australian and New Zealand dollars both jumped on Monday, after a promising China manufacturing survey.
TOKYO/ SYDNEY, June 23- The Australian dollar jumped to test its year-to-date peak on Monday after a Chinese manufacturing survey showed surprisingly big improvements. The Aussie rose to as high as $0.9444, near its April 10 peak of $0.9461.
The dollar reversed some of its losses in a quiet session overnight after upbeat U.S. data helped temper the Federal Reserve's dovish outlook.
The dollar sank to its weakest level in three weeks on Thursday after a cautious message from the Federal Reserve.
Currency experts have warned that there will be winners and losers in the foreign exchange markets on the back of the spike in oil.
Currency analysts to believe an interesting trading opportunity could develop over the coming months.
The U.S. dollar held onto modest gains, having risen broadly after U.S. consumer prices recorded their largest increase in more than a year in May.
The Australian dollar fell more than half a percent against the U.S. dollar on Tuesday after the RBA expressed economic recovery doubts.
The dollar dipped versus the yen, although potentially decisive events such as the Federal Reserve meeting midweek limited movements.
The dollar was up around a third of a percent against the yen as markets listened to the Bank of Japan's latest comments on policy on Friday.
The U.K.'s pound has roared higher as Mark Carney, the governor of the Bank of England, surprised markets.
Retail sales missed expectations, and state unemployment benefits claims climbed higher than expected.
The euro neared a four-month low versus the dollar and a 1-1/2 year trough against sterling on Wednesday.
The dollar extended gains against the euro, amid expectations that the Federal Reserve could raise rates sooner than expected.
Thierry Wizman, global foreign exchange strategist at Macquarie, discusses the Canadian dollar and says the U.S. dollar is likely to rise against the Canadian dollar.
The euro weakened against the dollar, as yield differentials between Treasuries and Bunds widened to multi-year highs.