US dollar whipsaws on worries over China
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LONDON The dollar went for a see-saw ride Friday, plunging after a comment from a Chinese policy maker appeared to undermine already fragile market sentiment toward the US currency, but rebounding after the official retracted the remark.
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The dollar edged lower against most  currencies on Tuesday after a government report showing  increased capital flows into the United States did little to  soothe worries over the country's large external imbalances.
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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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NEW YORK : The dollar moved slightly against major currencies after key US ISM data on manufacturing was in line with expectations, as the market remained cautious on the prospects for the US economy.
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The dollar was on the back foot against the euro Tuesday as concerns intensified that the US Federal Reserve's aggressive monetary easing will not be able to stave off a severe economic downturn, dealers said.
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The dollar kept its gains versus other  major currencies early on Monday after U.S. economic data eased  concerns that surging oil prices may have hurt growth, keeping  expectations alive for more rises in interest rates.
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The dollar rallied against most  currencies on Friday after Federal Reserve Chairman Alan  Greenspan said market forces and tighter U.S. fiscal policy  should stabilize and may cut the U.S. current account gap.
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The dollar climbed across the board on  Thursday after data showed the third-quarter U.S. current  account deficit was narrower than many had feared, fueling a  relief rally for the beleaguered U.S. currency.
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DAVOS, Switzerland  - China has lost faith in the stability of the U.S. dollar and its first priority is to broaden the exchange rate for its currency from the dollar to a more flexible basket of currencies, a top Chinese economist said Wednesday at the World Economic Forum.
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The dollar was feeling the heat on Thursday as concerns about the U.S. trade and current account deficits hardened the market's view that the currency's downward spiral would continue.
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The dollar hovered above a six-month low  against the yen on Friday as the market considered the meaning  of a rate rise in China and worried about the strength of the  U.S. economy.
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The dollar steered a steady course  against other major currencies on Friday after falling sharply  in the previous session as U.S. trade data failed to dispel  concerns about structural problems in the U.S. economy.
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The dollar continues to fall against other leading currencies amid fears over threats to the US economy.
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The dollar dipped amid concerns about the US position with the rest of the world following data showing a record current account deficit in the second quarter.
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The dollar was within reach of a record  low against the euro on Thursday as concerns about the U.S.  trade and current account deficits hardened the market's view  the currency's downward spiral would continue.
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The dollar dropped against most major  currencies on Friday, as analysts raised concerns about the  U.S. trade deficit number for July, which came in narrower than  expected, but was still fairly sizable.
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The dollar fell in choppy trade on Thursday as traders tried to sort out what a surprise interest rate hike from China meant for currencies.