The dollar hovered around 10-month highs ahead of U.S. jobs data on Friday.» Read More
The dollar clung to gains after bulls latched onto a comment by the head of the Fed that rates could rise sooner if employment continued to improve.
The yen eased on Tuesday after the Bank of Japan's growth warning, but it stopped short of hinting at a new bout of money-printing.
The dollar was steady as investors awaited pivotal events, including Fed Chair Janet Yellen's congressional testimony, for fresh cues.
The yen was near a five-month peak against the euro as banking woes in Portugal drove equities lower and lifted demand for the safe-haven currency.
The yen rose as investors sought shelter from economic stress in Europe.
The BoE left interest rates and its asset purchase target unchanged amid concerns that a strong sterling is choking off an economic recovery.
BEIJING, July 10- U.S. and Chinese leaders have agreed that China will reduce its intervention in the currency market when conditions are ripe, reaching an understanding on a prickly issue that has hurt ties between the world's two biggest economies for years.
BEIJING, July 10- China will reduce its intervention in the currency market, Central Bank Governor Zhou Xiaochuan said on Wednesday, striking a conciliatory note in public about the yuan's value as he promised to free the interest rate market as planned.
The euro traded marginally stronger, with traders looking to a speech by ECB and minutes from the Fed meeting today.
BEIJING, July 9- China's finance minister on Wednesday defended the country's currency interventions, saying it was difficult to take a hands-off approach when it came to the yuan, given an unsteady economy and abnormal capital inflows.
Noel Quinn, Regional Head of Commercial Banking at HSBC, discusses the findings of its survey which showed a sharp increase in the use of yuan among global firms this year.
BEIJING, July 8- The United States pressed China to implement structural reforms in its exchange rate and to modify its "aggressive behavior" in disputed waters during a preliminary round of bilateral talks on Tuesday, senior U.S. officials said.
The outlook for central bank policymaking dominated attention in major currency markets on Tuesday, with the dollar rally already fading.
German industrial output fell 1.8 percent on the month in May, its biggest drop in more than two years, surprising most analysts.
The dollar struggled to make more headway after a jump in U.S. job creation left stock markets in optimistic mood.
The dollar was broadly bid on Thursday by a stronger-than-expected U.S. nonfarm payrolls report for June.
BANGALORE, July 3- Asian currencies will probably hold their ground until the end of the year and then weaken in early 2015 when a long-awaited U.S. dollar rally is expected to kick in, a Reuters poll of foreign exchange strategists showed.
*China allows banks to freely set OTC yuan/dollar rates. SHANGHAI/ BEIJING, July 3- China has permitted banks to freely set their own exchange rates for the yuan against the dollar in over-the-counter transactions-- another step toward freeing the exchange rate from government control.
The report boded well for Thursday's U.S. nonfarm payrolls report, and provided a boost to the dollar.
*China allows banks to set OTC dollar/yuan rates. *A small step in China's gradual forex reform. BEIJING, July 2- China will permit banks to set their own exchange rates for the yuan against the dollar in deals with clients, in a further step to relax controls to make the currency more market-driven.