Yen, Swiss franc firm on Russia- Turkey fears. NEW YORK, Nov 24- A surprise drop in U.S. consumer confidence and concerns about rising global tension between Russia and Turkey pushed the dollar down on Tuesday as investors sought out safe-haven currencies. Tuesday's flows into the yen and franc were also likely driven by technical positioning, said Scott Smith,...» Read More
The battered euro pulled away from a 14-month trough against the dollar, as the greenback eased after a 10-week streak of gains.
The dollar index racked up a 10th straight week of gains on Monday, its longest winning streak since its free float in 1973.
The dollar rose against a basket of major currencies on Friday as investors bet U.S. interest rates would rise more quickly than expected.
The dollar rose after data showed U.S. jobless claims fell more than expected, reinforcing the view that U.S. interest rates will rise sooner.
CNBC's Simon Hobbs reports on Thursday's trading session as exchanges close higher on Fed relief, and the Swiss National Bank declares it is "determined" to cap the rise in the Swiss franc.
The U.S. dollar strengthened following Fed news after earlier hitting an 8-year high against the Japanese yen.
Renewed sales of the Australian dollar were the main move on major currency markets on Tuesday.
Sweden's crown fell to a two-month low against the euro after the country elected a minority government.
Peter Frank, global head G10 and Asia foreign exchange strategy at BBVA, discusses the Australian dollar, the Swiss franc and the Indian rupee and says another decline in the Aussie is to be expected.
The dollar index was headed for a ninth consecutive week of gains after retail sales data added to expectations that U.S. growth is gaining steam.
The U.S. dollar hit a six-year high against the yen and sterling recovered some ground after recent nerves over Scottish independence.
The dollar also trounced the Australian dollar and several emerging currencies on Wednesday, the latest sign of a long-awaited return of volatility.
Investors bet that the U.S. economy is growing at a pace that is likely to lead the Federal Reserve to begin raising interest rates next year.
Sterling plunged on fears over the outcome of Scotland's upcoming independence referendum and the Australian and Brazilian currencies also dropped.
The euro rose to session highs against the dollar after U.S. hiring in August fell far short of forecasts.
The euro hit fresh 14-month lows against the U.S. dollar and nearly two-year lows against the Swiss franc on Thursday.
The euro steadied against almost every other major currency on Wednesday after Ukraine said it has agreed on a ceasefire with Russia.
The euro sagged on Tuesday to fresh one-year lows against the dollar on bets the ECB will do more to help a wobbly euro zone economy.
The euro hit a year-low against the dollar on Monday, as investors added to bets against the single currency before a policy meeting this week.
The dollar rose on Friday, with traders looking beyond soft U.S. consumer-spending data.