Dollar Idles Ahead of Fed Rate Move
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The dollar held broadly steady against  major currencies on Tuesday as markets looked to the U.S.  Federal Reserve to raise interest rates later in the session  and signal the future pace of monetary tightening.
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The dollar posted modest gains on Wednesday as investors awaited comments from the Federal Reserve chief that are expected to point to further rises in US interest rates this year.
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The dollar held on to small gains on Tuesday as investors remained cautious ahead of a U.S. interest rate decision and, later in the week, current account data that could underscore bearish sentiment on the currency.
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The dollar traded in tight ranges against the euro and the yen on Tuesday ahead of the year-end holidays, but market players said it was only a matter of time before the US currency resumes its slide.
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The dollar crept up on Wednesday,  enjoying some respite from recent falls ahead of an  announcement on U.S. interest rates and after more European  officials spoke out against the euro's rapid rise.
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The dollar eased further off last week's  highs on the euro and yen on Tuesday as the market awaited a  speech by Federal Reserve chief Alan Greenspan which was  expected to confirm a measured pace of interest rate rises.
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Stocks advanced slightly on Thursday, although investors remained cautious as they awaited the Federal Reserve's statement for clues on the interest-rate outlook.
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The dollar held on to small gains on  Tuesday as investors remained cautious ahead of a U.S. interest  rate decision and, later in the week, current account data that  could underscore bearish sentiment on the currency.
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The dollar on Wednesday extended this  week's modest rise from record lows against the euro as  European policymakers fretted over its recent slide, but  remained under pressure ahead of U.S. trade data due later.
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The dollar edged up on Tuesday, taking a breather from recent heavy selling after the European Central Bank chief warned against the euro's rapid climb and ahead of a decision on U.S. interest 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 slipped on Thursday as  traders adjusted positions to neutral levels ahead of Friday's  key U.S. payrolls report but some analysts think the currency  is poised to rally against the euro.
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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 stuck to tight ranges on Tuesday ahead of a Federal Reserve interest rate decision and a gathering of Group of Seven finance ministers and central bankers late in the week.
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The dollar paused from recent heavy  selling on Wednesday, holding near overnight levels against the  euro and the yen as investors brushed aside revised data that  confirmed sluggish growth in Japan's economy.
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The dollar held firm against the yen and  the euro on Thursday on upbeat U.S. manufacturing data, but  many traders expected range-bound trading ahead of next week's  Federal Reserve meeting.
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The dollar rose above an all-time low against the euro on Tuesday, while stocks and bonds ended little changed as markets stayed cautious before the Federal Reserve's Wednesday meeting on interest rates.