FOREX-Dollar steps back ahead of Greenspan&#39;s testimony
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The dollar eased further off last week&#39;s highs against the euro and yen on Tuesday as investors turned cautious ahead of Wednesday&#39;s assessment of the US economy by Federal Reserve chief Alan Greenspan.
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The dollar fought back from one-month lows against the euro and Swiss franc on Wednesday as investors viewed its sell-off in the wake of the Federal Reserve's verdict on interest rates as overdone.
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The dollar edged lower against the euro  and the yen in tight trade on Friday ahead of the release of  U.S. jobs data, but dealers said the U.S. currency had not  strayed from its recent rebound.
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The dollar barely moved on Tuesday as  most investors were reluctant to take positions ahead of an  address by the Federal Reserve chief that is expected to point  to further rises in U.S. interest rates this year.
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The dollar drifted within recent ranges  against the euro on Friday, while moving away from a five week  high versus the yen, as investors remained uncertain about the  near-term outlook for the U.S. economy amid high oil prices.
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By Bloomberg News. The dollar declined further against the euro yesterday amid speculation that the European Central Bank would refrain from trying to stem a further rise in the value of its region&#39;s currency.
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The dollar erased earlier losses to  stand steady near recent three-week highs against the euro on  Friday as investors became reluctant to take big bets ahead of  U.S. data and a speech by Federal Reserve chief Alan Greenspan.
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The dollar backed off a two-month high  against the euro and sterling on Wednesday, losing momentum  after Tuesday's rally on the back of stronger than expected  data on foreign capital flows to the United States.
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The dollar firmed on Wednesday as  investors awaited comments from the Federal Reserve chief that  are expected to point to further rises in U.S. interest rates  this year.
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The dollar slipped on Monday as market players hesitated to push the currency much higher before upcoming U.S. trade data and a Federal Reserve meeting.
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The dollar teetered within sight of the  previous day's record low against the euro on Tuesday as the  market remained confident central banks would not stand in the  way of the greenback's decline.
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The dollar pushed higher against the pound, with many investors sidelined ahead of a US interest rate decision by the Federal Open Market Committee (FOMC).
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The dollar perked up ahead of a key speech from US Federal Reserve Chairman Alan Greenspan which was expected to set the scene for future rises in American interest rates.
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The dollar slid back against the pound after surprisingly dovish comments on inflation from US Federal Reserve chairman Alan Greenspan.
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The dollar slid on Friday after  Federal Reserve Chairman Alan Greenspan said foreign demand for  U.S. assets, which has financed the country's massive current  account deficit and propped up the dollar,  would eventually  fall.
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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 softened on Thursday after  Federal Reserve Chairman Alan Greenspan sounded more cautious  on the U.S. economic recovery than many investors had expected.