Greenspan: Appetite for Dollar to Dwindle
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The insatiable foreign demand for  dollar holdings would eventually fall as investors diversify,  U.S. Federal Reserve Chairman Alan Greenspan said on Friday in  remarks that landed hard on the dollar.
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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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The dollar recouped earlier losses against the yen on Thursday, but currencies shuttled in narrow ranges as investors awaited direction from U.S. growth data and comments from Federal Reserve chief Alan Greenspan.
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The carry trade in which global  investors have borrowed cheaply in yen to buy higher-yielding  assets elsewhere has got to turn around, said former Federal  Reserve Chairman Alan Greenspan on Wednesday.
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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 softened on Thursday after  Federal Reserve Chairman Alan Greenspan sounded more cautious  on the U.S. economic recovery than many investors had expected.
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If the dollar continues to slide, foreign investors may dump US stocks and bonds, the Fed chairman says. WASHINGTON - Swollen trade deficits eventually could threaten the economy by souring foreign appetites
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The dollar recouped losses after  Federal Reserve Chairman Alan Greenspan said the U.S. current  account gap cannot widen forever.
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The carry trade in which global investors have borrowed cheaply in yen to buy higher-yielding assets elsewhere has got to turn around, said former Federal Reserve Chairman Alan Greenspan on Wednesday.
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The dollar turned tail from recent  three-week highs against the euro and Swiss franc on Friday as  investors grew cautious ahead of U.S. growth data and a speech  by Federal Reserve Chairman Alan Greenspan.
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The dollar traded in narrow ranges on  Thursday as the market gave a muted reaction to Federal Reserve  Chairman Alan Greenspan's indication the previous day that U.S.  interest rates would continue to rise.
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The dollar fell against the euro on  Wednesday, even as Federal Reserve Chairman Alan Greenspan  signaled further increases in U.S. interest rates but offered  no clues on their pace or timing.
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FRANKFURT Alan Greenspan came to the home of the euro on Friday and warned anxious Europeans to expect little relief from the dollar&#39;s relentless decline against their currency.
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The dollar slid on Friday after  Federal Reserve Chairman Alan Greenspan said foreign demand for  U.S. assets, which has financed the country's massive current  account deficit and propped up the dollar,  would eventually  fall.
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Investors and analysts are increasingly worried that the last big source of support for the American dollar - heavy buying by foreign central banks - is fading.
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Risks of a recession have increased, but the Federal Reserve must be cautious in supporting the economy because global forces that have kept inflation in check are receding, former Fed Chairman Alan Greenspan said on Monday.
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Federal Reserve Chairman Alan Greenspan yesterday urged the federal government to reduce its budget deficit and to encourage greater personal saving, warning that foreign investors will not