Dollar drops again; Europeans consider intervention
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The US dollar sank to an all-time low against the euro yesterday amid concerns over the US trade and budget deficits and worse-than-expected US employment data.
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The dollar weakened to a 20-month low against the euro yesterday, as traders bet the gap between European and US interest rates will keep narrowing.
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The dollar was mixed against other major currencies in European trading Tuesday morning. Gold prices fell.
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The dollar has been trading at, or close to, its all-time low in European currency markets, prompting calls for the European Central Bank to intervene to stop the dollar&#39;s slide against the euro.
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The dollar slipped on Wednesday to hold  near a record low against the euro, but the market hesitated to  drive down the U.S. currency further before closely watched  economic releases later in the week.
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Fading hopes for intervention by European and Japanese central banks depress the dollar to new lows against the euro, yen and pound.
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The US dollar falls to another record low against the euro as investors bet on an US interest rate cut this week.
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The Dollar hit fresh lows against the euro and the pound yesterday after European finance ministers launched a direct challenge to the US to tackle its financial deficits.
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The dollar slid to a new all-time low Tuesday against the euro, which rose to $1.3643 in thin post-holiday trading. The dollar&#39;s new low came in afternoon European trading, with the euro creeping just past its previous high - set Monday - of $1.3640.
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The euro fell on Tuesday after more  European officials called for Asian economies, particularly  China, to take on a bigger share of the dollar's weakness and  let their currencies rise.
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NEW YORK, Nov. 28 -- The U.S. dollar fell to a 20-month low against the euro Tuesday, the latest development in a year-long currency readjustment that could make some imported goods more expensive, but could also help American workers by boosting exports.
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The US dollar went down to a record low of $1.33 to the euro at the end of last week amid signs that foreign central banks, which have invested heavily in US treasuries and other forms of debt
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The dollar remains under pressure against the euro, slipping to 20-month lows before recovering slightly.
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The euro dipped on Tuesday after more  European officials called for Asian economies, particularly  China, to take on a bigger share of the dollar's weakness and  let their currencies rise.
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The dollar fell to a record against the euro for a fourth straight trading day on speculation European and US officials will tolerate further declines in the US currency.
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EU finance ministers have called on the United States to do more to halt the steep fall of the dollar against the euro and other currencies.
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The euro fell on Tuesday after more European officials called for Asian economies, particularly China, to take on a bigger share of the dollar's weakness and let their currencies rise.