Dollar dropped in Iran asset move
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Iran is to move its foreign currency reserves from dollars to euros as the US continues to press for sanctions against Tehran.
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The dollar dropped on Friday, pushing the euro above $1.31 for the first time since April 2005, on concerns about central banks diversifying their reserves and the greenback's narrowing yield advantage over other currencies.
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The dollar dropped to record lows  against the euro on Friday, succumbing to negative sentiment  and erasing all of the U.S. currency's earlier gains following  a robust U.S. October employment report.
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The dollar eased back, dropping below 106 yen for the first time in six months amid worries about the US economic outlook and the deadlocked race for the White House.
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So it has come to this for the tumbling U.S. dollar: It dropped below the Canadian dollar last week and is barely hanging on to parity now.
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The dollar weakened across the board  on Friday, weighed down by profit-taking after a week of gains  and a softer-than-expected U.S. consumer confidence report.
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U.S. stocks and bonds fell on Tuesday  as the dollar hit a record low against the euro.
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Oil fell more than a dollar to less than   $68 a barrel on Monday, pulled lower by expectations that any   sanctions against oil producer Iran were some way off and would   not necessarily disrupt export flows.
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The dollar slipped  on Friday, after  Federal Reserve Chairman Alan Greenspan's remarks on the U.S.  trade gap and on foreign demand for dollar-denominated  assets.
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The dollar fell across the board on  Wednesday after a much wider-than-expected November U.S. trade  deficit fueled a sell-off in the currency.
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The dollar slipped to a record low yesterday against the euro in thin, volatile holiday trading.
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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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Crude oil prices continued down their slippery slope yesterday, hitting a two-month low after Iran&#39;s government took steps to dampen political tensions with the United States.
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NEW YORK The dollar declined on Friday as the market shrugged off positive US economic data and remained focused on the record US current-account deficit.
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The dollar fell to a new record low  against the euro on Tuesday as investors, tiring of tough talk  on exchange rates by European officials, dismissed new   warnings from euro zone officials.
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The dollar weakened against major  currencies on Friday in thin holiday-season volume, as traders  took profits after early-session gains.
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A weak U.S. dollar is expected to affect profitability.