Dollar Wins Respite as Oil Prices Skid
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The dollar ticked up on Tuesday, extending its rebound from the previous day's seven-month low versus the yen after a sharp fall in oil prices led traders to scale back their bloated dollar-selling positions.
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The dollar was under pressure again  Monday, snapping last week's rebound ahead of a key week of  U.S. data and Tuesday's meeting of the U.S. Federal Reserve on  interest rates, but European shares got a lift as oil prices  hovered near-five month lows.
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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.
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OIL prices were easing back from their recent record highs yesterday as the cost of a barrel dipped below the $46 mark.
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The yen won respite from its recent  beating on Thursday as oil prices eased off record highs and  investors awaited data from the United States and Japan for  clues on the health of the global economy.
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The yen pulled back above a 6-week low  on the dollar and a 4-month trough on the euro on Wednesday, as  oil prices backed off record highs, while the euro maintained  its grip on recent gains against the dollar.
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The dollar steadied half a cent above its record low against the euro on Tuesday, winning respite from recent heavy selling ahead of US trade data and a decision on US interest rates on Wednesday.
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The dollar firmed slightly against  major European currencies early on Thursday in New York but  weakened against the yen as oil-dependent Japan benefited from  a continued slide in oil prices.
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The dollar rebounded strongly on  Thursday after the release of data showing the U.S. current  account was narrower in the third quarter than many had feared,  triggering a relief rally for the beleaguered U.S. currency.
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The dollar rallied on Monday, recovering from a slide after last week's poor U.S. jobs data and helping European equities edge up, while government bond prices fell.
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The dollar regained some ground against  the yen on Friday, moving away from four-month lows hit the  previous day, as the market remained reluctant to push the U.S.  currency below the closely watched 107 yen mark.
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The dollar gained ground against the yen  in lackluster trade on Friday, but it stayed mixed versus  high-yielding currencies as surging oil prices fueled concerns  about a U.S. economic slowdown.
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The dollar gained ground against the yen in lackluster trade on Friday, but it stayed mixed versus high-yielding currencies as surging oil prices fueled concerns about a U.S. economic slowdown.
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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 historic oil-price climb is finally easing - giving the US economy some more wind in its sails. Crude-oil prices dropped sharply yesterday and are expected to slide lower
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A decline in the price of oil helped lift US stocks to their highest level in two-months on Tuesday. The dollar declined against its major rivals as investors took profits
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The dollar on Tuesday held almost a cent  above its record low against the euro, winning respite from  recent heavy selling ahead of U.S. trade data and an expected  rise in U.S. interest rates on Wednesday.