Dollar Edges Down on Doubts Over Fed
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The dollar edged down on Friday after  soft U.S. manufacturing data fueled the view that the Federal  Reserve may slow or even temporarily halt its tightening  campaign.
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The dollar barely moved on Tuesday as  most investors were reluctant to take positions ahead of an  address by the Federal Reserve chief that is expected to point  to further rises in U.S. interest rates this year.
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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 recouped earlier losses against the yen on Thursday, but currencies shuttled in narrow ranges as investors awaited direction from U.S. growth data and comments from Federal Reserve chief Alan Greenspan.
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Stocks edged slightly lower on Monday  as interest rates and a weakening dollar took center stage now  that the presidential election is over and investors took  profits after last week's rally.
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The dollar dipped against most major currencies on Wednesday after mixed data on U.S. durable goods orders and weaker-than-expected new home sales did little to brighten the U.S. economic outlook.
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The dollar slipped on Monday as market players hesitated to push the currency much higher before upcoming US trade data and a Federal Reserve meeting.
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The dollar slipped against the yen on  Wednesday after a Bank of Japan survey suggested the  deterioration in Japanese business sentiment was not as bad as  some had feared.
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The dollar dropped against most major  currencies on Friday, as analysts raised concerns about the  U.S. trade deficit number for July, which came in narrower than  expected, but was still fairly sizable.
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The dollar was off its lows in late  New York trading on Tuesday, although investors remained  cautious ahead of Federal Reserve Chairman Alan Greenspan's  testimony to Congress on Wednesday and Thursday.
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The dollar moved in tight ranges on  Wednesday as most investors shrugged off lower-than-expected  U.S. inflation data and stuck to the view the U.S. Federal  Reserve would continue raising rates.
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The dollar slipped against the yen in  thin trade on Tuesday, but its losses were limited as investors  waited on an address by the Federal Reserve chief that is  expected to point to further rises in U.S. interest rates.
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The dollar was marginally down against the euro and slightly higher against the yen Tuesday as the market awaited new US trade data and a US Federal Reserve meeting at which the central bank was expected to raise interest rates a quarter point.
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NEW YORK : The dollar swung lower after a disappointing report from the Philadelphia Federal Reserve that prompted fears of weaker US industrial activity than economists had been expecting.
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The dollar dipped against most major  currencies on Wednesday after mixed data on U.S. durable goods  orders and weaker-than-expected new home sales did little to  brighten the U.S. economic outlook.
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The dollar edged lower on Tuesday,  although it rose against the Canadian dollar after Canada's  central bank signaled its strong currency would eventually  affect domestic demand and prevent rate hikes.
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The dollar hovered near a six-month low  against the yen on Friday on worries about the strength of the  U.S. economy and the effect on currencies of a rate rise in  China.