Dollar Gains, Oil Prices Slide
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The dollar staged a broad-based rally  Monday and oil prices slid, boosting shares in some Asian power  and exporter companies, but many investors struggled for  direction on the first trading day of 2005.
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Stocks fell yesterday after higher oil prices and a weaker dollar produced concerns that holiday sales and economic growth might falter.
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Oil prices slipped to seven-week lows  on Wednesday, lifting Asian shares, while the dollar gained on  fresh warnings over the euro's strength ahead of an expected  U.S. interest rate rise later in the day.
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Oil prices eased on Thursday, trimming gains from a $1 rally the previous day following President George W. Bush&#39;s US.election victory.
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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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The dollar lost momentum on Monday as Wednesday's U.S. trade data loomed, while European stock markets eased from 30-month highs as oil prices again rose beyond &#36;46 a barrel.
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The dollar weakened across the board  on Friday, weighed down by profit-taking after a week of gains  and a softer-than-expected U.S. consumer confidence report.
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Oil rose more than $1 on Monday as the dollar slipped and tensions between the United States and Iran stoked supply concerns.
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The dollar slipped  on Friday, after  Federal Reserve Chairman Alan Greenspan's remarks on the U.S.  trade gap and on foreign demand for dollar-denominated  assets.
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The dollar climbed across the board on  Monday, buoyed by a retreat in oil prices and hopes that U.S.  economic reports this week would provide some positive  surprises.
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Oil prices slid on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed  worries of a winter squeeze.
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The dollar lost some of the ground it  had gained this week after mixed data on U.S. durable goods  orders did little to alter market perceptions on the strength  of the economy or expectations about Fed rate hikes.
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The US dollar edges back down from a week of solid gains as investors await trade figures later this week.
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The dollar slipped  on Friday, after Federal Reserve Chairman Alan Greenspan's remarks on the U.S. trade gap and on foreign demand for dollar-denominated  assets.
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The dollar held on to the previous day's  gain on Tuesday, supported by a retreat in oil prices and  upbeat comments on the U.S. economy from Federal Reserve  officials.
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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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U.S. stocks inched lower on Friday but  fresh economic data drove the dollar and bonds higher, while  profit-taking pushed oil prices down after OPEC'S widely  expected decision to curb production.