Snow: Market Will Find Value for Dollar
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The United States remains committed to letting the market find the value for the ailing dollar, U.S. Treasury Secretary John Snow said Wednesday as the euro hit an all-time high against the dollar.
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The dollar strengthened against major  currencies for a second session on Thursday, as investors  continued to take profits on bets against the long-suffering  U.S. currency.
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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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As the dollar has slumped this fall, many investors have started to worry that people in Asia who own U.S. stock will be tempted to pare their holdings.
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Find bargains in the market with exchange-traded funds.
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NEW YORK  - The dollar firmed after US Treasury Secretary John Snow repeated Washington&#39;s yen for a strong US currency and an EU Central Bank official voiced concern about the euro&#39;s sharp gains, to 1.30 dollars.
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NEW YORK: The dollar rallied yesterday as fears of dollar-buying intervention and a sharp fall in oil prices convinced traders that it was a good time to take profits after days of heavy dollar sales.
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NEW YORK : The dollar moved slightly against major currencies after key US ISM data on manufacturing was in line with expectations, as the market remained cautious on the prospects for the US economy.
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LONDON : Far from reversing the dollar&#39;s slide, comments from US Treasury Secretary John Snow have been taken by markets as a sign that Washington welcomes a weaker currency, to the alarm of eurozone officials as the euro hit new highs.
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WASHINGTON  - US Treasury Secretary John Snow said a strong dollar is the &quot;rock solid foundation&quot; of US policy, but its value is best set in open currency markets.
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The dollar relinquished some of its New  York gains in Asian trading on Friday as the market got set for  keenly awaited U.S. jobs data, but dealers said the currency  could firm if the figures meet or beat expectations.
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The dollar rebounded on Monday after a  heavy selloff last week, but analysts were uncertain if the  rally could hold as the drumbeat of expectation began for to  the December U.S. jobs report due Friday.
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A U.S. recession could ironically boost the dollar against the euro and high-yielding currencies as worried investors avoid risk, but much would depend on the depth of the downturn and its impact elsewhere.
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The dollar barely moved against other  major currencies on Monday morning, with many in the market  expecting it to drift in a tight range this week ahead of major  events in early February.
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Although Canada&#39;s high-flying dollar is a blessing for snowbirds, there are growing concerns manufacturers could soon find they simply can&#39;t compete on the world market.
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THE dollar slipped to a fresh low against the euro yesterday after John Snow, the US Treasury Secretary, poured cold water on any suggestions of co-ordinated central-bank action to prop up the ailing greenback.
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Europe takes the brunt. The US Treasury Secretary John Snow insists he favours a strong dollar but few believe him. The United States has already taken up the banner of exporting democracy to unwilling victims