Euro dipped but remained off lows touched in the previous session ahead of a euro zone summit that investors hope offer Greece to climb out of crisis.» Read More
The dollar stuck around as disappointing US jobs data and caution ahead of Greece's referendum on bailout conditions kept the market mood subdued.
The U.S. dollar slipped against a basket of major currencies on Thursday after U.S. jobs data lagged expectations.
The euro dipped, buffetted by a flurry of reports on new concessions made by Greece to its European creditors.
The euro was broadly lower as investors braced for the near certainty that Greece will default on a repayment to the IMF.
The euro proved broadly resilient to Greece's moving one step closer to an exit from the single currency.
The ongoing Greek debt talks left currency markets in tight ranges on Friday.
Positive comments on the renminbi from the U.S.-China Strategic and Economic Dialogue may help the currency to gain SDR status, says Mirza Baig, Asian currency strategist at BNP Paribas.
Ongoing Greek debt talks sidelined currency investors, demonstrating their unwillingness to take bold positions as deadlines for a deal come and go.
Although the U.S.-China dialogues failed to address issues of cybersecurity and disputes in South China Sea, some progress was made on economic matters.
China is set to scrap its longstanding loan-to-deposit ratio requirement for banks, marking another step in reforming the sector to spur lending.
Even if the yuan is included in the IMF's Special Drawing Right (SDR) currency basket, it will not be a financial gamechanger, says Patrick Chovanec, chief strategist at Silvercrest Asset Management.
The dollar pared earlier losses on Wednesday after edging lower while U.S. 10-year Treasury yields dipped.
Jeremie Waterman, executive director for China at the US Chamber of Commerce, says issues such as IP protection and business practices will be discussed at the Strategic and Economic Dialogue (S&ED).
David Loevinger, managing director of Emerging Markets Sovereign Research at The TCW Group, expects both countries to highlight shared interests at the annual Strategic and Economic Dialogue (S&ED).
The U.S. dollar rose on Tuesday, underpinned by rising U.S. Treasury yields and prospects for interest rate increases.
China manufacturing remained stuck in a rut in June, with HSBC flash PMI data improving slightly, but still indicating contraction for a fourth month.
U.S. and China held "candid and to-the-point" talks aimed at managing the complex relationship between the world's two biggest economies, a U.S. official said.
China's soft economic data belie the "broad-based recovery" that has taken place during the second quarter in the world's number two economy.
The euro was mixed on Monday as a new cash-for-reforms offer from Greece raised hopes a tangible deal is taking shape.
Greece's drama is nearing a potentially catastrophic denouement, likely hijacking market attention from economic pulse checks on China and Japan this week.