Dollar Plunges on Greenspan Comments
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The dollar sank across the board, dropping to multiyear lows against the yen and the euro on Friday, after Federal Reserve Chairman Alan Greenspan said demand for US
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Insatiable foreign demand for dollar  holdings will eventually fall and help reduce the massive  shortfall in the U.S. current account as investors diversify,  U.S. Federal Reserve Chairman Alan Greenspan said on Friday in  remarks that landed hard on the dollar.
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The insatiable foreign demand for  dollar holdings would eventually fall as investors diversify,  U.S. Federal Reserve Chairman Alan Greenspan said on Friday in  remarks that landed hard on the dollar.
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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 was off its lows in late  New York trading on Tuesday, although investors remained  cautious ahead of Federal Reserve Chairman Alan Greenspan's  testimony to Congress on Wednesday and Thursday.
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The dollar sank and Treasurys drifted Tuesday following the Labor Day weekend, as the market remained cautious ahead of comments from Federal Reserve Chairman Alan Greenspan on Wednesday.
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U.S. Treasury prices slid on Friday  after Fed chief Alan Greenspan spooked investors with an  unusually direct reminder that interest rates were bound to  move higher.
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THE dollar tumbled to new lows against the euro yesterday as markets brushed aside an upgrade to US growth and a fresh warning from the European Central Bankâs President
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NEW YORK The dollar fell sharply on Monday, dropping to within a cent of record lows against the euro as worries over the US economy persisted.
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European equities fell on Thursday after Asian stock markets were rattled by comments about the prospect of a Chinese economic slowdown from Alan Greenspan, former Federal Reserve chief.
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U.S. stocks tumbled on Friday as  investors were jolted by a surge in oil prices and comments by  Federal Reserve Chairman Alan Greenspan, who gave a stark  reminder that interest rates were bound to go higher and warned  that appetite for the dollar would dwindle.
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The yen fell against the dollar and euro on Wednesday after data showed that Japan's economy slipped into recession for much of 2004, but the market quickly looked ahead to remarks by Fed chief Alan Greenspan later in the day.
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The dollar hit a new all-time low against the euro yesterday as Alan Greenspan said there was little anyone could do to prevent it falling further.
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The dollar recouped losses after  Federal Reserve Chairman Alan Greenspan said the U.S. current  account gap cannot widen forever.
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The dollar sank on Friday, pushing the euro above $1.31 for the first time since April 2005, on concerns about central banks diversifying their reserves and the greenback's narrowing yield advantage over other currencies.
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Alan Greenspan, Federal Reserve chairman, yesterday gave the dollar a further push lower as he said the huge US current account deficit threatened to scare off foreign investors.
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The dollar fell under 103 yen on  Friday after Federal Reserve Chairman Alan Greenspan said large  interventions in the currency market do not create protracted  changes in exchange rates but have some effect.