US, Europe play blame game over sliding dollar
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Europe and the United States kept up a war of words over the sliding US dollar at a G20 meeting of rich and developing nations, blaming each other for the currency&#39;s fall and avoiding new steps or rhetoric to halt it.
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The dollar continued its seemingly unstoppable slide against other currencies this week, leaving US and European officials increasingly at odds over what - if anything - should be done about it.
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The dollar plunged to an all-time low against the euro yesterday as the Bush administration signalled it was not prepared to take any action to prevent the slide.
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The US and China both criticise the value of each other's currencies at their economic summit.
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The dollar sinks to 19-month lows of $1.30 against the euro amid concerns for the health of the US economy.
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Europe and the United States kept up a war of words over the sliding U.S. dollar at a G20 meeting of rich and developing nations, blaming each other for the currency's fall and avoiding new steps or rhetoric to halt it.
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With the European economy on the upswing, companies and governments are shrugging off the dollar's renewed slide against the euro this week - a phenomenon once dreaded as potential poison for the continent's ...Comment
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The dollar sank on Friday as  persistent concerns over the U.S. economy and comments  throughout the week from European Central Bank and Federal  Reserve officials afforded the currency no respite.
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Although Americans vacationing in Europe may be howling over higher prices in hotels and restaurants, the adverse impact of the rapidly declining US dollar has fallen mainly on foreigners, at least so far.
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European Union finance ministers pressed for action by the United States to prop up the dollar as eurozone nations expressed their deep disquiet at the parlous state of America's national finances.
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LONDON  - The euro eased back from close to record highs against the dollar as dealers remained concerned about US economic imbalances, while US Treasury Secretary John Snow said markets should determine the value of the American currency.
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NEW YORK Suddenly all eyes are on a weakening dollar. In recent days, the American currency has fallen against the euro, the yen and most other currencies around the world.
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The US dollar fell Tuesday morning against other major currencies in European trading. Gold prices rose. The euro was quoted at $1.
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The dollar slid to a new record low  against the euro on Friday amid disappointing U.S. jobs data  and a perception that the United States was in no hurry to stem  the dollar's fall.
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BRUSSELS European finance officials on Tuesday called on the United States to take concrete action to halt the slide of the dollar.
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The US dollar has continued its record-breaking slide and has tumbled to a new low against the euro. Investors are betting that the European Central Bank (ECB) will not do anything to weaken the euro, while the US is thought to favour a declining dollar.
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The U.S. dollar fell against other major currencies in European trading Tuesday morning. Gold fell.