Greenspan warns appetite for dollar will dwindle
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FRANKFURT: Investorsâ appetite for US assets will eventually dwindle and the United States must reduce its budget deficit to prevent major economic damage, Federal Reserve Chairman Alan Greenspan has said, in remarks that hit the dollar hard.
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The effect of Japan&#39;s currency sales this year and last on the value of the yen are ``difficult to judge,&#39;&#39; Federal Reserve Chairman Alan Greenspan said.
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U.S. stocks tumbled on Friday as  investors were jolted by a surge in oil prices and comments by  Federal Reserve Chairman Alan Greenspan, who gave a stark  reminder that interest rates were bound to go higher and warned  that appetite for the dollar would dwindle.
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LONDON  - The dollar suffered a renewed bout of selling after US Federal Reserve chairman Alan Greenspan hinted that another depreciation in the US currency might be necessary to reduce the current account deficit.
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The dollar slipped  on Friday, after  Federal Reserve Chairman Alan Greenspan's remarks on the U.S.  trade gap and on foreign demand for dollar-denominated  assets.
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The dollar hit a one-week low against  the euro on Thursday, extending losses made after Federal  Reserve chief Alan Greenspan's comments on U.S. inflation cast  doubt on the pace of rate hikes after September.
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HONG KONG -- Former U.S. Federal Reserve Chairman Alan Greenspan warned Monday that the American economy might slip into recession by year's end.
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Federal Reserve chief Alan Greenspan says the US trade deficit cannot be sustained indefinitely.
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THE WARNING: Federal Reserve Chairman Alan Greenspan cautioned that swollen trade deficits eventually could threaten the economy by souring foreign appetites for investment in the United States.
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The dollar fell under 103 yen on  Friday after Federal Reserve Chairman Alan Greenspan said large  interventions in the currency market do not create protracted  changes in exchange rates but have some effect.
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Alan Greenspan came to the home of the euro on Friday and suggested that the relentless decline of the dollar might well continue, offering little relief to those here
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The persistently high current-account deficit of the U.S. in world trade threatens to further devalue the dollar, Federal Reserve Chairman Alan Greenspan said today.
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Alan Greenspan's suggestions offered little relief to those in Europe who worry that the U.S. is seeking to gain an advantage for its industries from a weaker currency.
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Former Federal Reserve Chairman Alan Greenspan said in an interview published on Sunday that the U.S. housing slump is likely to deepen more than many analysts expect, recording as much as a double-digit drop.
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Federal Reserve Chairman Alan Greenspan delivered a blunt warning Friday that foreign investors might get sick of subsidizing the nation&#39;s widening trade and budget deficits, remarks that caused US financial markets to tremble.
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The US dollar could be losing its lustre as the world's reserve currency, a report suggests.
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The dollar softened on Thursday after  Federal Reserve Chairman Alan Greenspan sounded more cautious  on the U.S. economic recovery than many investors had expected.