The safe-haven yen climbed against the dollar and euro on Friday and the ruble tumbled, after the United States launched cruise missiles at an airbase in Syria, raising tensions with Russia.
The dollar edged up on Friday and was on track for its strongest week in seven with an almost 1 % rise, benefiting from a weaker euro as solid U.S. economic data has contrasted with cooling Eurozone inflation.
The dollar rebounded on Wednesday after falling for five days in a row against its currency basket, as investors awaited a speech by the head of the Federal Reserve later in the day and looked to U.S. inflation data for clues on the path of interest rates.
The dollar edged down from a 14-year high against a basket of currencies on Wednesday, with investors cautious about increasing bets on the greenback before getting fresh clues on the U.S. economy and the timing of interest rate rises.
The dollar steadied close to its highest levels in 14 years on Monday, underpinned by expectations that a fiscal expansion planned by U.S. President-elect Donald Trump will boost inflation and lead to a faster pace of interest rates hikes.
The struggling dollar edged up from a 5-1/2-month low on Monday, helped by a fall in oil and copper prices that weakened commodity-related currencies and gave the U.S.
The dollar struggled to climb off 3-1/2-month lows on Wednesday as worries over a global economic slowdown weighed and traders waited for more tips on the likely course of U.S.
Offshore rates for China's yuan fell on Tuesday to their weakest since a hefty two-day devaluation in August, mirroring a fall in onshore rates, with traders citing strong year-end dollar demand.
