The euro languished at one-year lows, following an aimless session overnight with market activity severely hampered by a holiday in the United States.» Read More
The euro turned higher in choppy trading Wednesday as traders reacted to headlines that the ECB is unlikely to take new action early next week.
Use of the Chinese yuan in Germany and the U.K. has doubled over the last year, as London and Frankfurt fight to become trading hubs.
The dollar softened on Tuesday while the euro further struggled on expectations of soft inflation data and more monetary easing.
The euro fell to its lowest in nearly a year against a broadly firmer dollar on Monday after comments from the head of the European Central Bank.
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.
Central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Fed Chair Janet Yellen.
The euro recovered from a 11-month low against the dollar, helped by better-than-expected German private sector growth data.
U.S. housing starts surged past expectations in July, snapping two straight months of declines.
Despite a slew of measures aimed at damping runaway Hong Kong home prices, some market segments are heating up again, possibly spurring further curbs.
The US dollar rose against a basket of major currencies on Monday on reduced concerns over Russia and Ukraine and positive US housing data.
The dollar failed to get a safe-haven boost despite news that the Ukraine-Russia conflict had entered a potentially dangerous phase.
A robust U.S. 30-year bond auction supported Treasuries prices in general and weighed on yields, which has underpinned the greenback, analysts said.
The British pound also falls on inflation, wages data, and the yen is subdued after Japan's Q2 GDP contraction.
The euro fell towards 9-month lows against the dollar on Tuesday, as investors positioned for a weak German sentiment survey.
The Norwegian crown hit a seven-week high against the euro after Norway reported consumer inflation unexpectedly jumped in July.
The euro gained against the dollar and sterling, and investors flocked to the Swiss Franc and yen as Obama approved air strikes in Iraq.
The yen came under pressure from Japan's plans to increase its pension allocation to the domestic stock market.
The dollar held near an 11-month high, supported by upbeat U.S. data, while the New Zealand dollar took a hit from a fall in dairy prices.
The US dollar extended a rally after an 8-1/2 year high in services growth and a bigger-than-expected increase in factory orders.
The euro headed back below $1.34 on Tuesday after a survey of Italian service sector purchasing managers disappointed on the low side.