Dollar Stuck Near Lows Ahead of G20 Meet
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The dollar idled near seven-month lows against the yen on Wednesday as traders considered what officials from the Group of 20 countries might say about recent weakness in the U.S. currency at an upcoming meeting.
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NEW YORK, Nov. 28 -- The U.S. dollar fell to a 20-month low against the euro Tuesday, the latest development in a year-long currency readjustment that could make some imported goods more expensive, but could also help American workers by boosting exports.
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The dollar held near overnight levels on Wednesday but stayed under selling pressure ahead of U.S. trade data that could swing the market's focus back to the problem of huge deficits in the United States.
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The dollar hung near a 15-year low against a basket of currencies on Friday, as investors debated whether a sharp drop in the value of the U.S. currency this week was overdone.
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The US dollar hovers close to record lows against the euro on Friday as concern grows about the size of the US budget deficits.
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The US dollar stays near record lows against the euro, on growing expectation of a further US interest rate cut.
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The dollar struggled just above this year's record low against the euro on Friday amid worries about the health of the U.S. economy but caution ahead of U.S. jobs data later in the day limited its moves.
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The dollar in London held yesterday&#39;s gain from a record low on speculation the Group of 20 largest economies will this weekend voice concern at the currency&#39;s drop.
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The dollar idled near seven-month lows  against the yen on Wednesday as traders considered what  officials from the Group of 20 countries might say about recent  weakness in the U.S. currency at an upcoming meeting.
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The U.S. dollar paused near recent  lows Friday but dealers expected selling to resume after a  weekend meeting of G20 finance ministers, while stock investors  sought cover in companies immune to currency risks.
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The dollar held near a record low  against the euro and a 4-1/2-year low versus the yen on Monday,  sending Asian shares sharply lower, after a meeting of rich and  developing nations said nothing to arrest its fall.
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The dollar on Tuesday held almost a cent  above its record low against the euro, winning respite from  recent heavy selling ahead of U.S. trade data and an expected  rise in U.S. interest rates on Wednesday.
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The dollar was off its lows in late  New York trading on Tuesday, although investors remained  cautious ahead of Federal Reserve Chairman Alan Greenspan's  testimony to Congress on Wednesday and Thursday.
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The dollar recovered from an earlier 20-month low against a basket of currencies on Monday as investors locked in profits after shaving more than 3 percent off its value in less than two weeks.
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The dollar edged lower against the euro  and the yen in tight trade on Friday ahead of U.S. jobs data,  but dealers said the U.S. currency had not strayed from its  recent rebound.
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The dollar hovered near a one-month low  against the euro on Tuesday as investors awaited U.S. inflation  data later in the day for clues on the future path of interest  rates.
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The dollar slipped on Wednesday to hold  near a record low against the euro, but the market hesitated to  drive down the U.S. currency further before closely watched  economic releases later in the week.