The dollar fell in the longest stretch since June as traders weighed whether the economy is strong enough to warrant a reduction in monetary stimulus and as political budget wrangling threatened a government shutdown.
The yen weakened for a second day against the dollar as the Federal Reserve holds a two-day meeting that may provide more information about when U.S. policy makers will start to reduce bond purchases.
Canada’s dollar posted the biggest gain against its U.S. peer in a year and a half as the economy added the most jobs in a decade in May and the unemployment rate declined.
The euro rose from its lowest level against the dollar in more than two years amid speculation global central banks will take more action to sustain faltering economic growth.
Canada’s dollar fell the most in almost a week as crude oil declined and European expansion slowed more than forecast, adding to evidence the global recovery is in jeopardy.
"The Ebola situation certainly does not help and that certainly explains the yen's rebound."
- Joe Manimbo on Oct 24, 2014