Dollar loses more ground as US talk lacks firm action
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DOLLARS traded at their lowest rate against the yen for seven months in America last night, as traders shrugged off reassurances from John Snow, the US Treasury Secretary
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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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The US dollar weakened further today to a tad below the USD1.34 mark as US non-farm payrolls data came in far lower than expected.
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The dollar edged down on Friday after soft US manufacturing data fueled the view that the Federal Reserve may slow or even temporarily halt its tightening campaign.
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The dollar weakened against major  currencies on Wednesday after a below-consensus snapshot of  regional U.S. business activity  kept the currency under  selling pressure.
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The dollar drifted lower in quiet trade with markets already looking to a US interest rate verdict next week for direction after a recent run of largely inconclusive US economic data.
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The pound and the Australian dollar continued to waver as they approached key levels against the US dollar of 2 dollars and 0.8 dollar respectively.
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The dollar lost ground against the euro  and the yen on Wednesday ahead of U.S. trade data that could  put the market's focus back on structural problems in the U.S.  economy.
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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 dollar fell against the euro on Tuesday as dealers waited for U.S. trade deficit figures to decide whether to keep buying back the U.S. currency.
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The dollar lost ground against the euro and the yen on Monday after a brief rebound last week, as investors grew cautious ahead of US data on trade, the current account deficit and investment flows later in the week.
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The dollar slipped slightly against the pound after a series of disappointing US durable goods numbers.
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The dollar fell against the yen but rose against other currencies Thursday as investors waited for fresh economic developments in the United States to gauge the state of jittery markets.
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The dollar dropped to fresh lows  against the euro on Monday, part of broad losses the U.S.  currency suffered as traders gunned down technical targets amid  thin market conditions.
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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 barely moved on Tuesday,  struggling to sustain a modest bounce from multi-week lows  against the euro made on bigger-than-expected capital inflows  to the United States.
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The dollar slipped to just over a cent above this month's record low against the euro on Monday but won a bit of ground versus the yen, with investors focusing on the broadly bearish outlook for the U.S. currency.