FOREX VIEW: Dollar Breaks Seven-Month Range Vs Euro
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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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The dollar ticked up on Tuesday,  extending its rebound from the previous day's seven-month low  versus the yen after a sharp fall in oil prices led traders to  scale back their bloated dollar-selling positions.
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Renewed concern about the U.S. trade  deficit pushed the dollar to a 7-month low against the yen and  a 7-year low against the South Korean won on Monday, while  strength on Wall Street drove Asian shares higher.
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The yuan set its fourth straight   post-revaluation high against the dollar in a single week on   Friday and breached the psychologically important level of   7.9200 for the first time since the policy change in July 2005.
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The dollar sank to a record low against the euro and a 7-month low against the yen Thursday, pressured by expectations that nothing will be done at an upcoming G20 meeting to arrest its fall.
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The dollar sank to a new all-time nadir against the euro and to a seven-month trough below 105 yen as markets remained concerned by the large US current account and budget deficits.
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The dollar rose against a broadly weaker  yen and held near a two-month high against the euro on Friday  as Federal Reserve officials continued to hint at a steady  rises in U.S. interest rates.
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The dollar rose to two-month highs  against the euro on Wednesday, as markets digested an inflation  report that reaffirmed market expectations for  future U.S.  interest rate rises.
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The US dollar climbed against the euro after some traders abandoned bets that a slowdown in growth reflected in economic reports this week would push the US currency to a one-month low.
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The dollar's jump against the euro on Friday reflected a possibly misinterpreted signal of higher interest rates and the desire of investors to own dollars.
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The euro briefly rose to a record high  versus the dollar for the fifth session running on Wednesday  and tested last year's lifetime high against the yen as  investors' bearish views of the U.S. currency dominated  trading.
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The dollar dropped to within half a cent of this week&#39;s record low against the euro and hit 7-1/2-month lows on the yen on Friday as traders took the view that world finance
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The dollar fell half a percent against  the yen to within sight of seven-month lows and edged toward  recent record lows against the euro on Friday as worries  persisted about the U.S. current account deficit.
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The dollar recovered from a two-month  low on the euro and a one-week low on the yen on Friday,  looking for upbeat U.S. manufacturing data later but wary of  any currency fireworks from a Group of Seven meeting.
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The dollar edged down against the euro on  Monday toward its lowest level in seven and a half months,  pressured after it fell through key technical levels on weak  U.S. economic data on Friday.
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The euro threatened a fresh record high  against the dollar on Wednesday as traders turned their  attention back to weakness in the U.S. currency, helping to  drag the euro close to an all-time peak versus the yen.
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The dollar was in striking distance of record lows against the euro and 7-    month lows versus the yen on Thursday, as traders concluded that nations at an upcoming G20 meeting would tolerate a weaker dollar.