Greenspan does down the dollar
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Alan Greenspan, Federal Reserve chairman, yesterday gave the dollar a further push lower as he said the huge US current account deficit threatened to scare off foreign investors.
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U.S. stocks fell sharply on Friday as  investors were jolted by a $2 jump in oil prices and a warning  from Federal Reserve Chairman Alan Greenspan that the dollar  had further to fall.
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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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The dollar softened on Thursday after Federal Reserve Chairman Alan Greenspan sounded more cautious on the US economic recovery than many investors had expected.
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The dollar recouped earlier losses  against the yen on Thursday, but currencies shuttled in narrow  ranges as investors awaited direction from U.S. growth data and  comments from Federal Reserve chief Alan Greenspan.
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The dollar retreated against major  currencies on Tuesday as investors took profits on sharp U.S.  jobs data-related gains last week, turning cautious ahead of a  speech by Federal Reserve Chairman Alan Greenspan on   Wednesday.
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The dollar gained support on Thursday  after Federal Reserve Chairman Alan Greenspan indicated the  previous day that U.S. interest rates would continue to rise.
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The dollar dropped to a record low against the Swiss franc and its weakest level in two and a half years against the yen on Wednesday as tumbling stock markets drove investors to the safety of low-yielding currencies.
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The dollar fell against the euro on  Wednesday, even as Federal Reserve Chairman Alan Greenspan  signaled further increases in U.S. interest rates but offered  no clues on their pace or timing.
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The US dollar falls to another record low against the euro as investors bet on an US interest rate cut this week.
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The dollar edged lower against the yen on  Thursday, but currencies shuttled in narrow ranges as investors  awaited direction from U.S. growth data and comments from  Federal Reserve chief Alan Greenspan.
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The dollar fell sharply on Monday,  dropping to within one cent of record lows against the euro as  worries over the state of the U.S. economy persisted.
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The dollar slumped across the board,  plunging to four-and-a-half-year lows against the yen on  Friday, after Federal Reserve Chairman Alan Greenspan said  demand for U.S. assets could decline at some point given the  size of the current account deficit.
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THE dollar slipped to a fresh low against the euro yesterday after John Snow, the US Treasury Secretary, poured cold water on any suggestions of co-ordinated central-bank action to prop up the ailing greenback.
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The yen fell against the dollar and euro  on Wednesday after data showed Japan was in a recession for  much of 2004, but the market focus turned to remarks by Federal  Reserve Chairman Alan Greenspan due later in the day.
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NEW YORK The dollar fell sharply on Monday, dropping to within a cent of record lows against the euro as worries over the US economy persisted.
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The dollar traded in narrow ranges on Thursday as the market gave a muted reaction to Federal Reserve Chairman Alan Greenspan's indication the previous day that U.S. interest rates would continue to rise.