Dollar bounces back from low
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The dollar bounces back from earlier lows, amid hopes of central bank intervention to support the currency.
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NEW YORK  - The dollar managed to firm slightly, lifted by stronger than expected US factory orders, after hitting yet another all-time low against the euro.
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The dollar regained some ground against  the yen on Friday, moving away from four-month lows hit the  previous day as the market proved reluctant to push the U.S.  currency below the 107 yen mark.
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The dollar rose on Tuesday after a  downbeat assessment on European growth and a  less-dire-than-expected read on U.S. consumer confidence  encouraged traders to buy back dollars after aggressive  selling.
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The dollar rallied forcefully on  Wednesday as investors took a break from worrying about the  U.S. current account deficit and focused on relative interest  rate and growth differentials.
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The dollar was a whisker away from a record low against the euro on Friday after the currency succumbed the previous day to weak U.S. economic data, including disappointing housing figures.
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The dollar rose on Tuesday as steep falls  in oil prices helped to lift it from multi-month lows hit the  previous day, but traders said the recovery could be  short-lived on worries about the U.S. economy.
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The dollar recovered some lost ground in the wake of soft US inflation figures and as a new spike in oil prices stopped a rally by the yen in its tracks.
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The dollar rebounded on Monday after a  heavy selloff last week, but pared some gains after a U.S.  factory report showed employment was down in December.
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The US dollar rose against the euro and other major currencies yesterday, recovering after some early losses as foreign exchange trading resumed in the new year.
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The dollar won a reprieve against other  major currencies on Tuesday, bouncing off last week's record  low versus the euro as markets grew cautious ahead of words  from the European Central Bank chief and U.S. data.
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The dollar held on to the previous day&#39;s gain on Tuesday, supported by a retreat in oil prices and upbeat comments on the US economy from Federal Reserve officials.
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The dollar on Tuesday held almost a cent above its record low against the euro, winning respite from recent heavy selling ahead of US trade data and an expected rise in US interest rates on Wednesday.
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UK News, LONDON - The dollar won a reprieve against other major currencies on Tuesday, bouncing off last week&#39;s record low versus the euro as markets grew cautious ahead of words from the European Central Bank chief and US data.
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The dollar rebounded from record lows  against the euro on Monday, after European Central Bank  President Jean-Claude Trichet spoke against the swift pace of  the single currency's recent climb.
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The dollar regained some ground against  the yen on Friday, moving away from four-month lows hit the  previous day, but the market remained reluctant to push the  U.S. currency below the closely watched 107 yen mark.
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The dollar rose on Monday in a  retracement from last week's steep losses, but dealers said the  bias toward a weaker greenback remained intact.