The yen heads for its biggest weekly gain in more than a month against the dollar, on tensions in Ukraine and the Chinese economy.» Read More
HONG KONG, Feb 27- China's yuan surpassed the Swiss franc to become the seventh most-used world payments currency in January, global transaction services organisation SWIFT said on Thursday.
Putin's war games in Ukraine and a government report showing new housing sales at five-year highs both boosted the greenback on Wednesday.
The dollar fell against a basket of major currencies after soft U.S. consumer confidence data drove bond yields lower.
The dollar lost its safe haven bounce as risk appetite improved amid expectations that Ukraine would receive international aid.
U.S. data this week will continue to reflect the impact of extreme weather, presenting a downside risk for the U.S. dollar.
The National Association of Realtors delivered some bad news, sending the euro back up against the dollar.
A still fragile outlook for the European economy and strong US economic growth helped push the greenback up.
*Dollar down, euro, yen and franc profit from halt in stocks rally. LONDON, Feb 13- The dollar lost almost half a percent against the safe haven yen and Swiss franc and fell back from overnight gains to the euro as a rally in global shares halted on Thursday. Sweden's crown also fell on the back of a similarly poor data.
The dollar was steady ahead of Janet Yellen's testimony in Congress, while Norway's crown jetted almost 1 percent higher.
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.
*Steady fourth-quarter U.S. growth supports dollar. NEW YORK, Jan 30- The dollar rose against a basket of currencies on Thursday after data showed the world's largest economy produced solid growth in the fourth quarter, reviving the appeal of the greenback even against the safe-haven yen and Swiss franc.
"All these factors are supportive of the dollar," said Jonathan Lewis, founding principal of Samson Capital Advisors in New York. However, the recent flare-up in political and currency woes in Turkey, Argentina and South Africa has limited the dollar's upward move, with some traders preferring the yen and Swiss franc, analysts said.
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.
*Fed seen reducing $10 bln in monthly bond purchases. NEW YORK, Jan 29- The dollar weakened against the yen and Swiss franc on Wednesday as traders reckoned emergency action taken to stall the fall of the Turkish currency would not be enough to calm jitters over global emerging markets ahead of an expected U.S.