Markets see Snow comments as green light to sell dollar
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LONDON : Far from reversing the dollar&#39;s slide, comments from US Treasury Secretary John Snow have been taken by markets as a sign that Washington welcomes a weaker currency, to the alarm of eurozone officials as the euro hit new highs.
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NEW YORK, November 18  - The US dollar declined to a new record low against the euro and dropped against the yen yesterday, following the news of the US Treasury Secretary, John W Snow, ruling out government intervention to stem the
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The dollar made slight gains on Monday  as traders prepared for a U.S. Federal Reserve meeting this  week, where a rate rise is widely expected and the market will  be looking for signals on future policy intentions.
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The dollar held near a one-week high  against the euro on Tuesday on optimism about the U.S. economy  as the market awaited comments from Federal Reserve Chairman  Alan Greenspan.
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The dollar rallied against most  currencies on Friday after Federal Reserve Chairman Alan  Greenspan said market forces and tighter U.S. fiscal policy  should stabilize and may cut the U.S. current account gap.
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Stocks could face a challenge this week to bounce back from Friday's post-Thanksgiving drop unless there is some tempering of the dollar's weakness that sparked the sell off.
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U.S. stocks could face a challenge  next week to bounce back from Friday's post-Thanksgiving drop  unless there's some tempering of the dollar's weakness that  sparked the sell-off.
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The dollar hovered around recent  one-week lows against the euro and Swiss franc on Thursday as  investors grew cautious Friday's U.S. jobs data might add to  recent weak U.S. data and cloud the interest rate outlook.
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The U.S. dollar paused near recent lows Friday but dealers expected selling to resume after a weekend meeting of G20 finance ministers, while stock investors sought cover in companies immune to currency risks.
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DES MOINES, Iowa, Aug 20  - High foreign ownership of US debt is &quot;a healthy situation&quot; and the dollar will remain the world&#39;s preferred reserve currency, Treasury Secretary John Snow said on Friday.
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The decline of the dollar over the past few weeks may cast a worrying shadow over the U.S. economy, but it could boost results for some corporations.
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The dollar paused on Tuesday after a  broad-based rally in the previous session as investors waited  to see if forthcoming data would reinforce the Federal  Reserve's optimism in the U.S. recovery.  Upbeat comments on  the U.S. economy from central bankers Robert McTeer and Ben  Bernanke on Monday bolstered the greenback across the board,  lifting it a two-week high against the euro and a one-week high  against the yen in early trade.
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The United States would like the dollar to strengthen but believes international currency markets should be left to set its value, US Treasury Secretary John Snow said Monday.
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The dollar held on to small gains on Tuesday as investors remained cautious ahead of a U.S. interest rate decision and, later in the week, current account data that could underscore bearish sentiment on the currency.
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The United States would like the dollar to strengthen but believes international currency markets should be left to set its value, U.S. Treasury Secretary John Snow said Monday.
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The dollar held on to small gains on  Tuesday as investors remained cautious ahead of a U.S. interest  rate decision and, later in the week, current account data that  could underscore bearish sentiment on the currency.
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The United States backs a strong dollar  but believes the currency market should determine exchange  rates based on fundamentals, U.S. Treasury Secretary John Snow  said on Monday during a visit to Ireland.