The dollar held firm against its peers, supported by bullish comments from the U.S. Federal Reserve chairman, which affirmed expectations for at least two more interest rate hikes this year.
The dollar rose to a three-week high on Wednesday, as demand increased after upbeat comments from U.S. He reiterated his remarks on Wednesday before a U.S. House panel.
The dollar rose on Tuesday as Federal Reserve Chairman Jerome Powell provided an upbeat assessment on the U.S. economy while downplaying the impact of current global trade policy discussions on the outlook for further monetary tightening.
Divya Devesh of Standard Chartered Bank says some currencies in Southeast Asia are "looking quite cheap."
The dollar fell after posting its largest weekly gain in a month last Friday, as investors pared back their long bets on the greenback and rebalanced their positions ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony.
The euro fell to a eight-day low as U.S. inflation numbers boosted interest rate expectations and an easing in trade tensions between the United States and China supported the dollar.
The U.S. dollar strengthened against the Japanese yen to a six-month high on Thursday, bolstered by solid inflation data
The Chinese yuan skidded towards an 11-month low after the Trump administration threatened 10 percent tariffs on $200 billion worth of Chinese imports.
The Chinese yuan rebounded and the dollar strengthened broadly as investors bought riskier assets.
The U.S. dollar recovered from a 3-1/2 week low on Monday as the pound dived following the announcement that UK Foreign Secretary Boris Johnson resigned from the government.
The dollar fell on Friday as U.S. tariffs on Chinese imports took effect.
The dollar fell to three-week lows on Thursday, as the euro gained on strong German industrial orders, while data showing jobs rose less than expected in June plus nagging concerns about global trade also reined in the greenback's recent rally.
The euro rose against the dollar on Wednesday but the move was limited amid concerns of U.S. tariffs on Chinese imports.
The dollar consolidated gains on Tuesday after three consecutive months of gains as investors waited for minutes of the U.S. Federal Reserve's June meeting and jobs data.
The euro weakened half a percent and other high-yielding currencies such as the Australian dollar wilted on Monday.
The dollar held firm versus the yen, supported by quarter-end buying as well as an absence of any fresh escalation in trade-related tensions between the U.s. and its trading partners.
The dollar turned lower on Thursday, giving up early gains as rising inflation in some German regions prompted some traders to buy the euro, though rebalancing flows for the half year checked sharp losses.
The euro fell on Wednesday as concern about an escalating trade conflict boosted the dollar and the yen, while the Chinese yuan slumped to a six-month low.
The dollar rose, snapping a four-day losing streak as traders worried about mounting global trade tensions unwound bets on high-yielding currencies like the Australian and Canadian dollars, whose economies are heavily trade dependent.
The dollar fell against the Japanese yen on Monday, as worries about escalating trade tensions between the United States and other leading economies kept risk appetite in check.