Euro Climbs to Record; ECB May Refrain From Stemming Advance
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The euro rose to a record for the seventh time this month against the dollar amid speculation the European Central Bank will refrain from attempting to stem the currency&#39;s appreciation.
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NEW YORK, December 27  - The euro touched new highs against the US dollar and the Japanese yen today as any intervention by the European Commercial Bank to check the 12-nation currencyâs strength seemed unlikely.
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The euro&#39;s growing strength against the US dollar is &quot;unwelcome,&quot; the European Central Bank chief said yesterday as the 12-nation European currency hovered just below a record high.
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The euro cleared a record high against  the yen on Thursday and remained within striking distance of  this week's all-time peak versus the dollar as traders bet its  bull run would continue in 2005.
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The euro rose to a new all-time high of $1.3467 in early trading in London this morning. The single currency later fell back slightly to $1.3452.
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The euro briefly rose to a record high  versus the dollar for the fifth session running on Wednesday  and tested last year's lifetime high against the yen as  investors' bearish views of the U.S. currency dominated  trading.
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The euro hit a record high against the  dollar above $1.2927 EUR= on Friday as the beleaguered U.S.  currency weakened across the board in technically driven  trading.
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The euro hit record highs versus the dollar for a second day on Friday, boosted in thin trade by worries about the US current account deficit and economy and apparent lack of official concern at the dollar&#39;s slide.
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The euro hit a new high against the dollar on fears of rising oil prices and concern over the U.S. budget deficit.
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The euro sets yet another record high against the dollar, following last week's cut in US interest rates.
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LONDON : The euro approached its record high against the dollar as markets waited nervously for data on US capital flows, amid concerns about how the United States will fund its huge trade deficit.
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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 euro approached its record high against the dollar as markets waited nervously for data on US capital flows, amid concerns about how the United States will fund its huge trade deficit.
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The dollar edged up against the euro on  Friday, building on overnight gains made after the European  Central Bank reiterated that Asian currencies should be more  flexible, taking pressure off the single currency to rise.
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The dollar crawled up from a record low  against the euro on Tuesday, though the market stayed focused  on the U.S. deficits and a growing belief that central banks  will not soon stand in the way of the dollar's decline.
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Stocks pushed higher in Europe and Asia in a shortened holiday trading session Friday while the euro hit record highs against the dollar for a second day running.
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The euro climbed to within striking  distance of record highs against the dollar in light  pre-holiday dealing on Thursday, as the market awaited a batch  of U.S. economic data for new trading clues.