Dollar decline gathers momentum
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The dollar hits another record low against the euro, amid mounting worries over the US budget deficit.
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The story of the last week has been the fall and fall of the dollar with the currency touching daily record lows against the euro.
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The dollar dropped on Friday, pushing the euro above $1.31 for the first time since April 2005, on concerns about central banks diversifying their reserves and the greenback's narrowing yield advantage over other currencies.
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The US dollar rallied after dropping to a record low Thursday against the euro amid uncertainty about whether officials would intervene to curb the currency&#39;s slide.
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The dollar eased toward last week's  record low against the euro on Thursday after capital inflows  data added to worries the United States may struggle to fund  its current account deficit.
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The dollar slipped on Thursday as  traders adjusted positions to neutral levels ahead of Friday's  key U.S. payrolls report but some analysts think the currency  is poised to rally against the euro.
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The dollar slid back toward last week's  record low against the euro on Monday after a weekend meeting  of world finance chiefs ended with no agreement to stem the  greenback's decline.
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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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The dollar edged slightly downward Tuesday as markets awaited a Federal Reserve decision on interest rates.
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The dollar fell to new lows against the euro, offsetting the positive effects of lower oil prices and a seemingly revitalized U.S. jobs market.
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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 down against other  major currencies on Tuesday as investors awaited U.S. economic  indicators later in the day for clues on the pace of future  U.S. interest rate rises.
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The dollar headed lower against a range  of currencies on Wednesday, falling most steeply against the  yen after a key business survey out of Japan provided enough  impetus to encourage yen buying.
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The dollar edged down on Friday after soft US manufacturing data fueled the view that the Federal Reserve may slow or even temporarily halt its tightening campaign.
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The dollar continued its decline in global currency markets Thursday, intensifying worries among some economists that mounting U.S. budget and trade deficits could send the U.S. currency into a tailspin.
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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 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.