Dollar Rallies as Bears Take Cover
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The dollar roared higher on Tuesday as  investors unwound bets on a further near-term decline after the  currency had plumbed several record lows against the euro in  the final days of 2004.
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The dollar climbed on Tuesday after  data showed investments coming into the United States were more  than enough to cover the country's huge trade deficit on a  monthly basis.
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The dollar climbed to a two-month high  against the yen on Tuesday as traders took off bets that the  Chinese yuan would be revalued in the near term.
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The U.S. dollar rallied after dropping to a record low Thursday against the euro amid uncertainty about whether officials would intervene to curb the currency's slide.
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The dollar staged a comeback on  Wednesday, as investors took profits on other major currencies  on signs that currency strength may prompt some central banks  to scale back interest rate tightening.
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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 hit three-week highs against  the euro and the yen on Wednesday, building on gains after the  minutes of the U.S. Federal Reserve's latest meeting suggested  the central bank might step up the pace of interest rate rises.
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The U.S. dollar rallied against the  euro, Japanese yen and most other currencies on Tuesday,  although traders suggested the rise was a brief let-up in a  longer-term decline in the value of the currency.
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The dollar strengthened against most  major currencies on Friday as dealers shrugged off soaring gold  and oil prices and bought the currency largely on technical and  positioning grounds.
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The dollar surged against the euro, yen  and Swiss franc on Monday as, with a Group of Seven rich  nations meeting out of the way, the greenback was free to join  a wave of optimism about the U.S. economy.
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The dollar rebounded for a second session on Thursday as traders and investors took profits on bets against the US currency before the year draws to a close.
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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.
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The dollar was mostly stronger across  the board on Tuesday as dealers pared back bets against the  currency in predominantly technical trading.
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The U.S. dollar rallied against the euro, Japanese yen and most other currencies on Tuesday, although traders suggested the rise was a brief let-up in a longer-term decline in the value of the currency.
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The dollar rallied after dropping to a record low yesterday against the euro amid uncertainty about whether officials would intervene to curb the currency's slide.
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The dollar rallied across the board on  Wednesday in a technical rebound after two U.S. economic  reports prompted dealers to unwind large bets against the  currency.
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The dollar rose one percent against the  euro and the yen on Wednesday as investors bought the U.S.  currency back in the run-up to the year-end and eyed the impact  of the dollar's weakness on other economies.