Dollar mostly rises, gold mixed in Europe
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Volvo Aero, a unit of Swedish truck and bus maker Volvo Group, said Thursday it has acquired the U.S. component supplier Aero-Craft in a move that will allow Volvo Aero to expand its range of specialized parts.
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The dollar crept up on Wednesday,  enjoying some respite from recent falls due to caution 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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The dollar strengthened against major  European currencies in largely technical trading on Friday  after two U.S. economic reports matched or beat market  expectations.
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The dollar was mixed in European trading Wednesday, the first of the new year, as markets looked to the release of a key report detailing the health of U.S. manufacturing later in the day.
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The dollar gained against the euro Thursday in the wake of an announcement by the European Central Bank that it had opted to keep its key interest rates on hold as widely expected.
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Gold gained more than 1 percent to   above $593 an ounce on Tuesday, tracking higher crude oil   prices and a weaker dollar, but trading may be cautious ahead   of the release of key U.S. data.
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The dollar jumped against the euro on Friday, building on overnight gains made after the European Central Bank reiterated that Asian currencies should be more flexible, taking pressure off the single currency to climb.
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Gold hit its highest level in more than 16 years Tuesday as a steadier dollar failed to cool worries over the currency&#39;s outlook, while Asian stocks gained after a solid performance on Wall Street.
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Gold hit $440.00 an ounce, its highest  in 16-1/4 years, in Europe on Monday and was seen consolidating  before rising further on a shaky dollar.
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The dollar edged up versus the euro on Wednesday and kept most of the previous day's gains against the pound, but traders and investors hesitated to take big positions in quiet pre-holiday trade.
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The dollar was mostly stronger across  the board on Tuesday as dealers pared back bets against the  currency in predominantly technical trading.
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The dollar edged higher against the  Swiss franc and the euro on Monday as traders took profits  after the head of the European Central Bank said the euro zone  unit's recent climb against the dollar was "brutal" and  unwelcome.
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Stock markets rose across Europe and Asia, oil prices edged up and the US dollar was modestly higher Wednesday as US President Bush crept closer to re-election in a tight race for the White House.
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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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The U.S. dollar hit a record low against the euro and was lower against other major currencies in European trading Wednesday morning. Gold was up.
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The dollar edged up on Tuesday, taking a  breather from recent heavy selling after the European Central  Bank chief warned against the euro's rapid climb and ahead of a  decision on U.S. interest rates.
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The dollar rose slightly against the euro on Friday as anxious investors closely monitored the state of global stock markets following recent turbulent trade.