The dollar was on the defensive on Friday on doubts about a recovery in the U.S. economy while short covering and a general wariness towards riskier assets kept the yen near a one-month high against the greenback.
The dollar and yen rose against the euro on Thursday as a less optimistic outlook on growth from the U.S. Federal Reserve dented investors' appetite for risk, with the euro further hampered by Greek debt markets.
Concerns over Greece were hanging over the euro zone, as the cost of protecting its government debt against default hit a record high.
The dollar was lower against the euro ahead of a decision on interest rates from the U.S. Federal Reserve, while sterling rose sharply as investors continued to view the UK budget positively.
The U.S. dollar and euro fell against the yen on Tuesday as investors turned risk-averse amid persistent doubts about China's move to make the yuan flexible and renewed worries about European banks' funding needs.
The dollar rallied for a second straight day against the euro on Tuesday as new concerns about the funding needs of European banks offset stronger-than-expected German economic data.
The dollar gained for the second straight day against the euro on Tuesday as new concerns about the funding needs of European banks offset stronger-than-expected German economic data.
The euro retreated from a one-month high against the dollar on Tuesday, tracking a pullback in the yuan a day after China's pledge to allow its currency to trade more freely had spurred risk demand.
The euro retreated from a one-month high against the dollar on Tuesday, tracking a pullback in the yuan a day after China pledged to allow its currency to trade more freely.
The dollar fell against the yen to hit a session low on Wednesday after data showed U.S. housing starts fell more than expected in May to their lowest level in five months.
The euro advanced further to hit a session high against the U.S. dollar in late morning trade on Monday as stock gains accelerated, boosting risk appetite.
The dollar surrendered gains against the yen on Friday after data showing a surprise drop in U.S. retail sales last month dented risk appetite and raised questions about the strength of recovery.
The number of planned layoffs at U.S. companies in May was almost unchanged from April, when they touched a four-year low, suggesting employers are more upbeat about the economic outlook, a report on Wednesday showed.
The euro fell to a 4-year low against the dollar on Tuesday as fears the euro zone's debt crisis could spread to its banking system hit the single currency, while deteriorating sentiment supported the greenback.
The euro approached a four-year low against the dollar on Thursday on a newspaper report that China was examining its investments in euro zone debt, while bargain-hunting gave some support to Asian stocks.
Nokia, the world's top handset maker, broadened its patent battle against Apple on Friday to include the iPad, deepening the legal battle between the two smartphone rivals.
Language software maker Rosetta Stone Inc's trademark infringement lawsuit against Google Inc has been dismissed by a federal judge.
U.S. insurer AIG is considering pursuing investment bank Goldman Sachs over losses incurred on $6.0 billion of insurance deals on mortgage-backed securities, the Financial Times said.
The euro fell against most currencies on Tuesday as a Greek debt auction highlighted persistent doubts about Greece's credit risk and investors worried about tepid economic prospects in the euro zone. Greece passed its first borrowing test since the euro zone agreed on a potential rescue package but paid a high premium to issue the Treasury bills.
Asian shares fell on Tuesday ahead of key earnings in the United States while the euro consolidated against the dollar but fell against the yen ahead of a treasury bill sale by Greece later in the day.
The dollar retreated from a seven-month high against the yen on Monday as investors booked profits following four days of gains for the U.S. currency. Higher oil and metals prices helped propel the Canadian dollar to a 20-month high against its U.S. counterpart, leaving it within striking distance of parity, while the euro slipped. A holiday-thinned market kept trading volume light, with the UK, most euro zone countries and parts of Asia closed.
The dollar edged higher versus the Japanese yen on Tuesday after a report showed sales of previously owned U.S. homes fell less than expected in February.
The euro fell on Friday over doubts Greece would win euro-zone aid, capping its worst week since January, and concerns about the UK economy hit sterling. A report on Thursday that Greece saw limited prospects for euro-zone assistance raised concerns about the country's ability to service its debt. On Friday, the euro fell as far as $1.3502, its lowest level in more than two weeks. It was down 1.7 percent this week, its worst showing since late January.
