The dollar held below a 10-month peak after soaring on U.S. growth data, with mixed views from the Federal Reserve tempering the rally.» Read More
The euro rose against the dollar on Wednesday, reversing a drop to a near three-week low earlier in the global session.
Brian Jackson, Global FX Strategist at Coutts says to expect the Japanese yen to weaken further, but in a more gradual manner. He is bearish on the Euro and believes the Chinese Yuan will strengthen.
The euro hit a two-week low against the dollar after weak German data fanned concerns about the euro zone economy and speculation the European Central Bank could cut interest rates.
So, will dollar-yen continue its descent to hit 100 this week or does the yen, which has fallen more than 20 percent since mid-November, need a fresh catalyst to trigger a further downward move? Vote and let us know what you think.
The yen hovered near the key level of 100 to the dollar on Monday after major industrialized nations gave their stamp of approval to a massive Japanese easing program.
With the yen just a whisker away from the key $100 level on Monday, one analyst said that ultra-loose monetary policy has won over the G-20.
The U.S. dollar and euro rallied 1.5 percent versus the yen on Friday after Japan said the Group of 20 countries did not oppose its aggressive monetary easing.
Andrew Sullivan, Director Asian Sales Trading at Kim Eng Securities suspects the Yuan trading band will widen in the near future.
The euro edged higher against the dollar as more signals of a weakening U.S. economic recovery lifted it from its biggest daily drop in 10 months in the previous session.
The euro suffered its biggest daily decline against the dollar in nearly a year on Wednesday, weakened by talk of a euro zone interest rate cut.
The falling yen coupled with a fall-off in Chinese investment inflows "increasingly resembles" the run-up to the 1997 currency crisis, said Albert Edwards, Societe Generale's ultra-bearish strategist.
The yen tumbled against the dollar and euro Tuesday, reversing the previous session's sharp gains as investor anxiety triggered by a record plunge in gold prices eased.
The yen rose from recent multi-year lows against the dollar and euro on Monday amid renewed worries about the global economy.
The dollar declined from a four-year peak against the yen Friday after a fall in U.S. retail sales reinforced expectations the Fed will keep its monetary policy loose.
The dollar rose to another four-year high against the yen on Thursday, closing in on the key 100 yen level.
The rush to build a more reliable exchange for bitcoin is under way after a price crash disgruntled customers who directed their anger against the currency's major exchange.
The dollar rose to a four-year high against the yen on Wednesday, edging closer to the key 100-yen mark after release of the U.S. Federal Reserve's March meeting minutes.
Demand for 500 euro bills as a store of value has started to decline, according to a currency strategist, who told CNBC that the note is used extensively for criminal activity and should be abolished.
The dollar edged down from a near four-year high against the yen on Tuesday as traders booked profits on its sharp rally, but the yen's weakening trend remained intact.
The yen plummeted to its lowest against the dollar in nearly four years and reached a three-year trough versus the euro on Monday after the Bank of Japan kicked off its aggressive monetary easing program in an attempt to beat persistent deflation.