Chirac Worried About Weakness of Dollar
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French President Jacques Chirac said Friday he was concerned about the weakness of the US dollar and hinted that the European Union should react to the situation.
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LONDON  - The dollar suffered a renewed bout of selling after US Federal Reserve chairman Alan Greenspan hinted that another depreciation in the US currency might be necessary to reduce the current account deficit.
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ABU DHABI/VIENNA  - OPEC is worried by a fall in the dollar that is eroding member states' oil revenue and ministers will take up the issue when they meet next week to discuss new output curbs.
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The dollar hovered around eight-month lows against the euro and six-month troughs against the yen on concerns about the strength of the US economy a week before the country's presidential elections.
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The dollar weakened against major  currencies on Wednesday after a below-consensus snapshot of  regional U.S. business activity  kept the currency under  selling pressure.
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OTTAWA (CP) - Sustained weakness in the US dollar will dampen American demand for Canadian products at the same time the global economy also appears to be slowing, Bank of Canada Governor David Dodge warned Wednesday.
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Alan Greenspan came to the home of the euro today and warned anxious Europeans to expect little relief from the relentless decline of the dollar against their currency.
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The European Union&#39;s economy commissioner said in a newspaper interview Friday the bloc is worried about the low level of the dollar against the euro.
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The dollar continues to fall against other leading currencies amid fears over threats to the US economy.
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The dollar fell against the euro for the  second session on Tuesday as investors and traders braced for  trade figures that could reinforce market worries about the  record deficit in the United States.
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French Finance Minister Herve Gaymard said Monday that &quot;the American and Asian authorities&quot; should work together with Europe to deal with the weakness of the US dollar.
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The dollar was feeling the heat on  Thursday as concerns about the U.S. trade and current account  deficits hardened the market's view that the currency's  downward spiral would continue.
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The dollar was a touch weaker against the euro on Monday, still under pressure after the meeting in Berlin of Group of 20 finance ministers and central bankers
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The dollar sagged to a record low against the euro on Tuesday after remarks on monetary policy by European Central Bank President Jean-Claude Trichet did not detract from bullish euro sentiment.
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Some strategists say the dollar has probably hit bottom and may even be on the rebound.
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The dollar was weaker against the euro  on Tuesday but above record lows reached after remarks by  European Central Bank chief Jean-Claude Trichet suggested the  ECB was unlikely to intervene to stem the euro's rise.
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NEW YORK The dollar firmed against the euro on Tuesday, finding support from a growing chorus of European officials expressing concerns over the rapid ascent of their currency.