Slumping Dollar to Dominate G-20 Meeting
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European officials are increasingly alarmed by the U.S. dollar's slump against the euro &#151; but they aren't likely to get help from the United States or Asian countries at the G-20 meeting of industrial and developing countries that opened Saturday.
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ABU DHABI/VIENNA  - OPEC is worried by a fall in the dollar that is eroding member states' oil revenue and ministers will take up the issue when they meet next week to discuss new output curbs.
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The dollar stayed in sight of historic  lows against the euro on Friday as traders braced for a meeting  of G20 finance ministers that is not expected to act against  the dollar's weakness.
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ABU DHABI/VIENNA  - OPEC is concerned by the fall in the dollar and the producer group will take up the issue when it meets next week to chart supply policy.
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Finance ministers and central bankers of the Group of 20 countries (G20) kicked off a two-day meeting here Saturday to assess the current economic situation and global growth prospects.
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The dollar was near record lows against the euro and its lowest level since March 2000 versus the yen on Monday after a meeting of the Group of 20 rich and developing nations suggested no effort to stem the dollar&#39;s decline.
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The dollar slumped to a record low on  Monday after a meeting of the finance chiefs of rich nations  ended without words of support for the currency, while Wall  Street weakness prompted a broad sell off in Asian stocks.
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BRUSSELS  - Eurozone finance ministers were to focus at a meeting on the rise of the single currency to record levels against the dollar, with swelling deficits also set to share the limelight.
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The dollar edged higher against the euro  on Wednesday as a downbeat outlook for European growth spurred  traders to buy back the currency after heavy falls.
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The G7 finance ministers are due to meet in Germany, with the low value of the yen likely to be a key issue of debate.
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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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The dollar rallied against most  currencies on Friday after Federal Reserve Chairman Alan  Greenspan said market forces and tighter U.S. fiscal policy  should stabilize and may cut the U.S. current account gap.
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ESSEN, Germany  - The G7 industrial powers were set to repeat appeals for flexible exchange rates and warn again against currency volatility but stop short of singling out the sliding yen for overt criticism at a meeting on Saturday.
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The dollar was in striking distance of  record lows against the euro and 7-    month lows versus the  yen on Thursday, as traders concluded that nations at an  upcoming G20 meeting would tolerate a weaker dollar.
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A weak U.S. dollar is expected to affect profitability.
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The euro threatened a fresh record high  against the dollar on Wednesday as traders turned their  attention back to weakness in the U.S. currency, helping to  drag the euro close to an all-time peak versus the yen.
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Financial markets and economic policymakers around the globe all were focused last week on the shrinking value of the dollar. The greenback fell to its lowest level in years against both the yen and the euro