US will realise 'pain' of weak dollar says Eichel
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BERLIN: German Finance Minister Hans Eichel was quoted yesterday saying the US government would one day realise that the rapid rise of the euro is also endangering the US economy - and then be ready to act.
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The weak U.S. dollar and a huge trade deficit eventually may cause dire economic problems for the country, Federal Reserve Chairman Alan Greenspan warned Friday.
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The dollar was mostly lower on  Tuesday, weighed down by a report showing the U.S. current  account deficit ballooned to a new record in the second  quarter.
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The dollar was weaker against the euro  on Tuesday but above record lows reached after remarks by  European Central Bank chief Jean-Claude Trichet suggested the  ECB was unlikely to intervene to stem the euro's rise.
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The dollar weakened early in New York  on Friday after the Commerce Department said the U.S. economy  grew by a 3.1 percent annualized rate in the fourth quarter  last year, lower than economists had expected.
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The widening US current account deficit will require a decline in the value of the dollar, a top Federal Reserve official said on Thursday.
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The dollar was on the back foot against the euro Tuesday as concerns intensified that the US Federal Reserve's aggressive monetary easing will not be able to stave off a severe economic downturn, dealers said.
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The dollar suffered a renewed bout of selling after the US Federal Reserve's chairman Alan Greenspan hinted that a further depreciation in the US currency may be necessary to bring the US current account deficit down.
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After a year in which the U.S. dollar fell 5 percent against the euro, the sharply weaker currency isn't expected to rebound soon -- and that means it will likely keep eating into European exports, growth and ...
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NEW YORK, Nov. 28 -- The U.S. dollar fell to a 20-month low against the euro Tuesday, the latest development in a year-long currency readjustment that could make some imported goods more expensive, but could also help American workers by boosting exports.
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The dollar was within reach of a record  low against the euro on Thursday as concerns about the U.S.  trade and current account deficits hardened the market's view  the currency's downward spiral would continue.
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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 nudged toward a record low against the euro on Friday as the market worried about the strength of the US economy and its gaping trade deficit.
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The dollar suffered a renewed bout of selling after US Federal Reserve chairman Alan Greenspan hinted that another depreciation in the US currency might be necessary to reduce the current account deficit.
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Gordon Brown is expected to urge the US to strengthen the dollar when he begins a visit to America on Friday.
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he managing director of the International Monetary Fund, Rodrigo de Rato, said yesterday that the dollar would have to fall and the United States would have to tackle its growing indebtedness
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The United States supports a &quot;strong dollar,&quot; Treasury Secretary John Snow said, while suggesting the Bush administration will not act to boost its value. His comments sent the currency plunging to a record low against the euro.