A Sinking Feeling Over The Dollar
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The value of the dollar fell sharply yesterday, as did the stock market, after the Chinese government signaled that it might slow its purchases of U.S. assets.
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The dollar dropped sharply against a broad range of major currencies today, highlighting concern about the strength of the American economy.
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The dollar fell to a record low yesterday against the euro, which rose to $1.3640 as the dollar&#39;s slide continued in thin, post-Christmas trading.
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The US dollar is dragged down further to a new low against the euro after US economic data.
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down - against other major currencies. The tumble has helped the portfolios of some fortunate Americans by bolstering the returns of their foreign stocks and bonds.
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BERLIN -- The US dollar plunged to a new low against the euro Thursday, which hit US$1.3068 in morning trading over nagging concerns about high oil prices and the US trade and budget deficits.
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Europe is in the midst of another bout of angst about its currency, amid signs the Bush administration will tolerate a prolonged weakness in the dollar.
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Dollar fell to an all-time low of $1.3068 against euro on Wednesday. Against yen, it slipped to 103.66, the lowest level since April 1. Market analysts contemplate the possibility of dollar-euro exchange rate reaching $1.35 and 100 yen within months.
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The dollar continues to fall against other leading currencies amid fears over threats to the US economy.
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The US dollar slips to new record lows against the euro after the Federal Reserve's hefty US interest rate cut.
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Investors and market analysts are increasingly worried that the last big source of support for the American dollar - heavy buying by foreign central banks - is fading.
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THE stock market is rising, but the dollar is falling. And the decline of the dollar is more likely to continue than the rally of the stock market.
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The steep decline of the dollar against the euro has made eye-popping prices a lamentable part of the travelerâs tale.
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Investors and analysts are increasingly worried that the last big source of support for the American dollar - heavy buying by foreign central banks - is fading.
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The U.S. dollar sank to a new all-time low against the euro Tuesday amid concerns over the U.S. trade and budget deficits and worse-than-expected U.S. employment data.
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The U.S. dollar is sinking--and helping the global economy. How it stacks up against its rising competitors.
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To the mounting dismay of foreign officials, the slide in the dollar gathered new momentum yesterday, but the Bush administration restated in no uncertain terms its longtime policy of leaving the US currency&#39;s value to the markets.