Chirac Worried About Weakness of Dollar
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French President Jacques Chirac said Friday he was concerned about the weakness of the US dollar and hinted that the European Union should react to the situation.
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The dollar weakened against the euro as dealers were unimpressed by better-than-expected US retail sales and focused instead on the likelihood that Tuesday's trade figures will show a record deficit.
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The dollar was feeling the heat on Thursday as concerns about the U.S. trade and current account deficits hardened the market's view that the currency's downward spiral would continue.
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ECONOMISTS may be fretting about the implications for the global economy of the near historically weak US dollar.
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The dollar struggled just above this  year's record low against the euro on Friday amid worries about  the health of the U.S. economy but caution ahead of U.S. jobs  data later in the day limited its moves.
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The dollar sinks to 19-month lows of $1.30 against the euro amid concerns for the health of the US economy.
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The dollar weakened on Friday after top  U.S. Federal Reserve officials sounded cautious on credit  tightening, fueling jitters in the market ahead of U.S.  employment figures due later in the day.
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OTTAWA (CP) - If the US dollar continues to fall amid lingering global weakness, Canada&#39;s economic growth could eventually be hurt, the central bank warned Tuesday as it kept its key policy interest rate stable.
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Signs of shaky economies in France and Germany have sharpened worries about Europe's less-than-robust recovery &#151; and underscored the struggle to shake up regulation-clogged economies in countries that use the euro.
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The US dollar could be losing its lustre as the world's reserve currency, a report suggests.
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THE dollar was weaker yesterday, although off its lows, after the release of capital flows data that suggest foreign demand for US assets could be waning.
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ABU DHABI/VIENNA  - OPEC is worried by a fall in the dollar that is eroding member states' oil revenue and ministers will take up the issue when they meet next week to discuss a further cut in output.
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The decline of the dollar over the past few weeks may cast a worrying shadow over the U.S. economy, but it could boost results for some corporations.
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The dollar slipped against the euro on  Thursday after European Central Bank President Jean-Claude  Trichet reiterated that recent moves in currency markets were  unwelcome, but did not use strong enough rhetoric to deter the  euro from strengthening, currency traders said.
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President Jacques Chirac has been busy talking up the advantages of trade with France on his current Asian tour - but back home the newspapers have been lukewarm on his performance.
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The dollar fell against the euro for the  second session on Tuesday as investors and traders braced for  trade figures that could reinforce market worries about the  record deficit in the United States.
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French Finance Minister Herve Gaymard said Monday that &quot;the American and Asian authorities&quot; should work together with Europe to deal with the weakness of the US dollar.