Europe gains no US aid to support dollar
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European officials, blaming US deficits for a surge in the euro, are unlikely to persuade Treasury Secretary John Snow to help support the dollar when the Group of 20 finance ministers and central bankers meet in Berlin.
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The euro's growing strength against the US dollar is &quot;unwelcome,&quot; the European Central Bank chief said yesterday as the 12-nation European currency hovered just below a record high.
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Europeans are flocking to the United States to shop, drawn by a weak dollar that promises cheap holiday shopping excursions. But some say Massachusetts businesses are missing out because $2 million earmarked for international tourism marketing is sitting untouched.
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The dollar firmed against major currencies, coming off all-time lows against the euro, as analysts reckoned on European monetary authorities intervening on markets to help shore up the US unit.
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The European Union currently has no targets for exchange rates despite the euro's recent appreciation against the yen, Finnish Finance Minister Eero Heinaluoma said here on Friday.
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The US dollar dropped to a new all-time low yesterday against the euro, which rose to $1.3335 even as new figures showed that US economic growth in the third quarter was stronger than previously estimated.
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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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NEW YORK, NOVEMBER 22: The dollar slipped against the euro on Monday in thin trading after a weekend meeting of the Group of 20 finance ministers and central bankers in Berlin offered no concrete measures to stem the dollar&#39;s decline.
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NEW YORK (CP) - The U.S. dollar fell to an all-time low against the euro Friday as European political leaders signalled they have no unified plan to stem the rise in the five-year-old currency used by 12 countries.
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German Chancellor Gerhard Schroeder on Saturday labeled the US dollar&#39;s weakness against the euro &quot;worrying,&quot; but increasingly worried European leaders appeared unlikely to get help from the United States and Asia at a meeting of industrial and developing
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The US dollar has continued its record-breaking slide and has tumbled to a new low against the euro. Investors are betting that the European Central Bank (ECB) will not do anything to weaken the euro, while the US is thought to favour a declining dollar.
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BERLIN - The US dollar plunged to a new low against the euro Wednesday as markets shrugged off Washington&#39;s insistence that it is committed to a strong dollar.
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The US dollar hit an all-time low against the euro Friday, shrugging off positive US employment data amid worries about oil prices and concern over the US budget deficit.
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The dollar fell against the euro and the  yen on Wednesday in the wake of comments from the European  Central Bank president suggesting the ECB was unlikely to  intervene to stem the euro's rise.
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A communique from the G20 group of rich and developing countries made no explicit reference to currency swings on Sunday, despite mounting concern in Europe and Japan over a slide in the U.S. dollar to ...
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BERLIN : The Group of 20 finance chiefs have shunned action to halt the dollar slide, leaving Europe isolated at the end of a forum here and facing an almost certain further strengthening of the euro.
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The European Central Bank has little appetite for halting the euro&#39;s climb against the dollar just yet and only very rapid moves toward $1.