Europe calmly looks at sliding dollar
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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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By DAVID McHUGH AP Business Writer Published December 3, 2006, 4:04 AM CST BERLIN -- With the European economy on the upswing, companies and governments are shrugging off the dollar's renewed slide against the ...Comment
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The dollar bounced back from a new all-time low against the euro after stern comments from European Central Bank president Jean-claude Trichet about the greenback&#39;s slide.
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NEW YORK : The dollar firmed slightly after trading near an all-time low against the euro, getting some help from comments from eurozone officials calling for action on the sagging greenback.
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The European Central Bank and European finance ministers are unhappy with the Euro&#39;s surge. To this end, they vowed to closely monitoring exchange rate swings.
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The dollar edged up against the yen and  steadied versus the euro on Tuesday, as traders took a breather  from recent heavy selling after the European Central Bank chief  warned against the single currency's rapid climb.
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Europe fears its exports will be choked off by the dollar's decline, while American manufacturers are rejoicing.
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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 firmed slightly against the euro on Monday, recovering from last week&#39;s record low and a 4-1/2-year trough against the yen as traders turned their sights to economic data due later in the week.
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Will the European Central Bank intervene in the world&#39;s currency markets to put a lid on the euro? It has become a tantalizing prospect for many Europeans, who are nervous
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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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NEW YORK The dollar firmed against the euro on Tuesday, finding support from a growing chorus of European officials expressing concerns over the rapid ascent of their currency.
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Europe is in the midst of another bout of angst about its currency, amid signs the Bush administration will tolerate a prolonged weakness in the dollar.
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The dollar crept up on Wednesday,  enjoying some respite from recent falls due to caution ahead of  an announcement on U.S. interest rates and after more European  officials spoke out against the euro's rapid rise.
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Asian share markets saw light selling  in line with a slowing retreat in oil prices on Tuesday, while  the dollar steadied as officials in Europe and Japan fretted  about the U.S. currency's recent decline.
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The dollar rose slightly against the euro on Friday as anxious investors closely monitored the state of global stock markets following recent turbulent trade.
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The dollar crept up on Wednesday, enjoying some respite from recent falls due to caution ahead of an announcement on U.S. interest rates and after more European officials spoke out against the euro's rapid rise.