'Strong dollar' call halts slide
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The dollar halts its slide against the euro and yen after US Treasury Secretary John Snow said a strong currency "is in America's interest".
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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 rallied after dropping to a record low yesterday against the euro amid uncertainty about whether officials would intervene to curb the currency&#39;s slide.
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The dollar sprang higher across the  board on Friday in a technically-driven rally that gained  momentum after remarks by U.S. Treasury Secretary John Snow,  traders said.
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The dollar rallied sharply on  Wednesday, erasing early losses, after oil prices plunged $3  per barrel on news of a bigger-than-expected build in U.S.  crude oil supplies.
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The dollar held in a narrow range Wednesday, shaking off growing US recession fears, as the markets awaited European interest rate decisions.
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The dollar steadied two cents above last  week's record low against the euro on Friday after a batch of  upbeat U.S. data encouraged traders to snap up the currency  from cheap levels.
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The dollar rebounded on Monday after  last week's heavy sell-off but analysts were uncertain if the  rally would hold after fresh economic data suggested the  December U.S. jobs report due Friday might not live up to  market expectations.
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The dollar edged higher on Thursday  after a report showed first-time claims for U.S. unemployment  dropped steeply, but traders said its significance for Friday's  widely anticipated payrolls report was limited.
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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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A strong dollar is in America's  interest, U.S. Treasury Secretary Henry Paulson said on Tuesday  as the greenback continued its slide against major currencies.
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The dollar rallied across the board on Wednesday in a technical rebound after two U.S. economic reports prompted dealers to unwind large bets against the currency.
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NEW YORK, November 15  - The US dollar modestly strengthened its position versus the euro this morning, after the US Treasury Secretary said that the government supported a &quot;strong dollar&quot; policy.
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The dollar was stable against the euro after slumping in the wake of disappointing US jobs data.
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The U.S. dollar rallied against the  euro, Japanese yen and most other currencies on Tuesday,  although traders suggested the rise was a brief let-up in a  longer-term decline in the value of the currency.
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The dollar rallied across the board on  Wednesday in a technical rebound after two U.S. economic  reports prompted dealers to unwind large bets against the  currency.
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The dollar garnered support from a slide in crude oil prices.