The single currency reached its lowest level since July 2010 in reaction to escalating worries over the potential exits of Greece from the euro zone. Investors were looking up to the ongoing meeting of the European Leaders and it was rumored that each European country discussed a contingency plan in case the Greece is excluded from the European Union.

On the other hand, Greece’s Ex-Prime Minister, Lucas Papademos said in an interview at Dow Jones Newswire that the consequences would be substantial if Greece is excluded from the European Union.

The euro declined to 1.2544 against the US dollar on Wednesday as compared to 1.2578 on Tuesday’s North American trading session. It was lowest for the pair EUR/USD since July 2010 as the single currency has never touched below $1.26 level since then.

The ICE dollar index DXY which measures the US dollar’s performance against its six rival currencies gained to 82.073 on Wednesday as compared to 81.674 on Tuesday’s late trading hours.

Among other currencies, the Japanese yen recovered versus the US dollar as the Bank of Japan kept the interest rates unchanged and showed no intentions to change its quantitative easing program. The central bank maintained the status quo in its policies despite the political pressures to boost growth and reduce inflation. Against the Japanese yen, the US dollar declined to 79.49 on Wednesday as compared to 79.96 on late Tuesday.

The British Pound fell against the greenback to 1.5698 on Wednesday as compared to 1.5754 on Tuesday. The minutes of latest Bank of England’s monetary policy meeting showed that majority of members voted to makes no changes in the central bank’s bond buying program.

The US dollar remained lower on Thursday versus its major rivals and plunged against the Japanese yen ahead of statement from Bank of Japan regarding its asset buying program. It is expected Bank of Japan will increase its asset purchases by 5 trillion yen to 10 trillion yen. The US dollar also fell against the single currency on expectations of decrease in euro zone sentiment gauge.

The ICE dollar index DXY which measures the performance of greenback versus its six major rival currencies fell to 78.920 on Thursday as compared to 79.072 on Wednesday’s North American trading session.

The US dollar declined to 80.94 against the Japanese yen on Thursday as compared to 81.45 on Wednesday’s late trading hours. The euro also declined 0.4 percent to 107.27 against the Japanese yen.

The euro gained to 1.3243 versus the US dollar on Thursday as compared to 1.3220 on late Wednesday. Among other currencies, the British Pound gained 0.1 percent to 1.6192 against the greenback after a remain zig zag in the whole session as the latest UK’s economic data depicting that the Britain has again fell back into recession.

The greenback declined versus its major counterparts on Thursday as the late US economic data disappointed investors. Despite the fact that rumors regarding the possible downgrade of France’s sovereign debt rating surfaced while Bank of Japan gave the indication of further quantitative easing, still the US dollar failed to gain any momentum.

Lots of negative factors surrounded the greenback. According to the US Labor Department, jobless claims increased to 386,000 for the last week as compared to expected figure of 374,000 for the week.

Moreover, Philadelphia Federal Reserve also reported slower growth in manufacturing activity in Philadelphia region. Business condition index declined to 8.5 as compared to prior reading of 12.5 while US home prices fell 2.6 percent in the month of March.

Director of currency research, Kathy Lien from GFT commented, “Despite weaker than expected U.S. economic data, most of the major currencies are trading higher against the U.S. dollar, the Federal Reserve won’t be happy with the latest reports which show evidence of deterioration in the labor market, the housing sector and manufacturing,” she further added, “The improvement in growth that we saw in the first quarter is fading quickly in the second, boosting expectations that the Fed will take action to prevent a deeper turn in growth.”

The dollar index DXY which measures the US dollar’s performance versus its six major rival currencies fell to 79.563 on Thursday as compared to 79.590 on Wednesday’s North American trading session. The index touched its intraday low of 79.392.

The euro gained to 1.3137 versus the greenback on Thursday as compared to 1.3115 on Wednesday’s late trading hours. The euro also advanced versus the yen to 107.22 as compared to 106.38. However, against the Japanese yen the US dollar gained to 81.61 on Thursday as compared to 81.21 on late Wednesday.

The British Pound advanced to 1.6054 on Thursday as compared to 1.6021 on Wednesday’s late trading hours.

US dollar gained versus its major rivals and reached its highest in 11 months against the Japanese yen on Wednesday in reaction to increase in US Treasury yields. On Wednesday the US Treasury yields reached their highest level in last four months. The treasury yields basically yields in the reaction to US Federal Reserve’s decision to keep its monetary policy unchanged and also showed no further intention for quantitative easing.

The yield on 2 year US note gained to 0.39 percent which ends up in highest gap over Japan’s 2 year note, yield of which stands at 0.10 percent. The US yields also reached their highest gap with yield of Germany’s 2 year note standing at 0.25 percent.

The dollar index DXY which tracks the US dollar’s performance against its six major rival currencies gained to 80.596 on Wednesday as compared to 80.231 on Tuesday’s late trading hours.

The euro fell to 1.3022 against the US dollar on Wednesday as compared to 1.3065 on Tuesday’s North American trading session. The British Pound fell to 1.5672 against the US dollar on Wednesday as compared to 1.5693 on late Tuesday.

The yen remained under pressure in reaction to the decision of the Bank of Japan to loosen its monetary policy. Against the Japanese yen the greenback jumped to its highest level since last April at 83.76 as compared to 83.03 on Tuesday’s late trading hours.

The US dollar gained versus its major rivals on Tuesday as the US Federal Reserve decided to keep its monetary policy unchanged in the wake of positive US economic data. The US Fed noticed the declining job market and housing sector but was also optimistic on positive business and household spending. US Federal Reserve’s officials decided to keep its interest rates at their low till late 2014 and also decided to keep its bond purchase programs unchanged.

The dollar index DXY which tracks the greenback’s performance against its six major rival currencies gained to 80.231 on Tuesday as compared to 79.869 on Monday’s North American trading session.

Despite better than expected Germany’s ZEW indicator for investor expectations, the single currency remained lower. The euro declined to 1.3065 against the US dollar on Tuesday as compared to 1.3153 on Monday’s late trading hours.

Among other currencies, the British Pound gained to 1.5693 on Tuesday as compared to 1.5636 on Monday. Traders were expecting that Bank of Japan would go for increase in interest rates to tackle its deflation however but on announcement of the central bank to keep its interest rate at 0% to 1% the greenback weakened in the Asian hours. Against the Japanese yen, the US dollar advanced to 83.03 on Tuesday as compared to 82.26 on Monday’s late trading hours. The Japanese yen has declined 7.5 percent against the US dollar in this year.

The US dollar fell on Monday after reaching its highest 10 months in last week. The greenback was surged on Friday after a strong US payrolls report but on Monday the investors went for profit taking as the US unit reached its highest in 10 months.

The dollar index DXY which tracks the greenback’s movement against its six major rival currencies fell to 79.869 on Monday as compared to 79.985 on Friday’s North American trading session.

The euro gained to 1.3153 versus the US dollar on Monday as compared to 1.3115 on Friday’s late trading hours. It seemed that investors took their focus away from Greece’s situation and were looking up to Portugal, Spain and other European countries.

The greenback took heavy beating versus the yen. Central banks of both countries were to hold their monetary policy meetings on Tuesday. While analysts expected the US Federal Reserve to keep its bond buying policies and interest rate unchanged on the other hand Bank of Japan was expected to expand its stimulus buying programs.

Strategist at BNP Paribas commented, “This highlights the role of diminished expectations for further Federal Reserve easing and higher Treasury yields, were the Bank of Japan to move again, when they meet on Tuesday, then U.S. dollar/yen gains could well extend.”

The US dollar fell to 82.26 against the Japanese yen on Monday as compared to 82.41 on late Friday. In the current year the US dollar has gained 6.9 percent versus the Japanese yen.

Among other currencies, the British Pound fell to 1.5636 versus the US dollar on Monday as compared to 1.5681 on late Friday.