Dollar Steadies After Rally on Fed Talk
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The dollar paused on Tuesday after a  steep rally in the previous session as investors waited to see  if forthcoming data would reinforce the Federal Reserve's  optimism in the U.S. recovery.
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LONDON : The dollar reversed early gains against the euro and held steady against the yen in the wake of cooling oil prices and comments by US central bank officials suggesting confidence in the American economic recovery, analysts said.
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The dollar held firm on Thursday on  expectations that the Federal Reserve would keep raising rates  at a measured pace, while rising oil prices undermined the yen.
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The dollar rallied against most  currencies on Friday after Federal Reserve Chairman Alan  Greenspan said market forces and tighter U.S. fiscal policy  should stabilize and may cut the U.S. current account gap.
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The dollar steadied after the previous day's sharp falls as dealers looked for direction from manufacturing data and a weekend Group of Seven meeting of finance ministers and central bankers.
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The dollar steadied versus the euro and yen on Thursday following sharp gains across the board in the previous session driven by profit-taking on bets against the long suffering US currency.
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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 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 drifted in a tight range on  Wednesday after weaker-than-expected U.S. economic data did  little to alter investors' expectations that the Federal  Reserve would continue to raise interest rates at a measured  pace.
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The U.S. dollar steadied against the yen and euro on Monday after suffering sharp losses on weaker-than expected job growth figures that raised questions about the need for further U.S. rate rises this year.
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The dollar held steady against the euro on Tuesday, finding support after a wave of warnings from European officials expressing concerns over the euro's rapid ascent against the U.S. currency.
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The dollar rose across the board on  Thursday after the European Central Bank left its key interest  rate unchanged, focusing the market on interest rate  differentials.
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The US dollar steadies, after hitting new lows, as investors await key figures on the strength of US retail sales.
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The dollar edged up against the yen and steadied against the euro on Friday, but kept within sight of multi-month lows hit this week on worries about the U.S. economy and its ability to attract global investors.
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The dollar steadied against the yen on Wednesday as robust U.S. services sector data eased concern about the health of the world's largest economy and added to the upward momentum of Asian share markets.
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The dollar gained support on Thursday  after Federal Reserve Chairman Alan Greenspan indicated the  previous day that U.S. interest rates would continue to rise.
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The dollar rose broadly on Monday as  markets braced for a Federal Reserve policy meeting this week  that is widely expected to end with a higher federal funds  rate, making the dollar a more attractive currency.