Reacting to a Dollar With No Muscle
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This is going to be the year the world learns to live with a cheaper dollar. How well it does that may have a profound effect on prospects for continued world growth.
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The dollar, whose weakness has been fueled by concern over the US trade and budget deficits, hit a new low against the euro, which rose to $1.3335 yesterday. In late New York trading, the euro eased back to $1.3280, below its intraday high but still above Monday's late rate of $1.3273.
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The United States supports a &quot;strong dollar,&quot; Treasury Secretary John Snow said, while suggesting the Bush administration will not act to boost its value. His comments sent the currency plunging to a record low against the euro.
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The US dollar plunged to a new low against the euro Wednesday as markets shrugged off Washington&#39;s insistence that it is committed to a strong dollar.
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A variety of small businesses in the U.S. are starting to take advantage of the mismatch between a weak dollar and the purchasing power of customers using strong currencies.
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NEW YORK (Dow Jones)--After seven months of bumping around within a range, it appears as if the dollar may finally be on its way somewhere - down.
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What should an invididual investor when the domestic and foreign stock markets are shaky? One adviser says: Donât try anything fancy.
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SINGAPORE: Chinaâs reluctance to unshackle the yuan when the dollar is plumbing record lows against the euro risks sparking political tensions that could complicate the already fraught task of ironing out global economic imbalances.
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The dollar plunged to an all-time low against the euro yesterday as the Bush administration signalled it was not prepared to take any action to prevent the slide.
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Depending on how investors behave, the dollar's downward drift could cast anything from a benign breeze to a hurricane.
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The US dollar fell yesterday against all the major currencies on international exchange markets except the Canada dollar. The Euro climbed to $1.3074 against US dollar, breaking a new record.
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The dollar moved in tight ranges on  Wednesday as most investors shrugged off lower-than-expected  U.S. inflation data and stuck to the view the U.S. Federal  Reserve would continue raising rates.
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The dollar posted modest gains on  Wednesday as investors awaited comments from the Federal  Reserve chief that are expected to point to further rises in  U.S. interest rates this year.
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What should an individual investor do when the domestic and foreign stock markets are shaky? One adviser says: Donât try anything fancy.
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The dollar rallied after dropping to a record low yesterday against the euro amid uncertainty about whether officials would intervene to curb the currency's slide.
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Some strategists say the dollar has probably hit bottom and may even be on the rebound.
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The U.S. dollar rallied after dropping to a record low Thursday against the euro amid uncertainty about whether officials would intervene to curb the currency's slide.