Dollar Drops Further as Central Banks Reassess Reserves
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The falling dollar reached new depths against the euro today as the dollar's status as the premier international reserve currency is growing more precarious.
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Investors in US Treasury notes are growing more bearish that the dollar&#39;s decline to a record against the euro and a four-year low versus the yen will diminish the appeal of US assets.
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The dollar edged lower on Tuesday,  although it rose against the Canadian dollar after Canada's  central bank signaled its strong currency would eventually  affect domestic demand and prevent rate hikes.
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The dollar sank across the board,  dropping to multiyear lows against the yen and the euro on  Friday, after Federal Reserve Chairman Alan Greenspan said  demand for U.S. assets could ease at some point given the size  of the current account deficit.
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The US dollar continued its slide against leading currencies including the yen and the euro, as analysts weighed conflicting statements by officials about possible joint market intervention by the Bank of Japan (BoJ) and the European Central Bank (ECB).
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The dollar sank across the board, dropping to multiyear lows against the yen and the euro on Friday, after Federal Reserve Chairman Alan Greenspan said demand for US
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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 sinks to 19-month lows of $1.30 against the euro amid concerns for the health of the US economy.
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Fading hopes for intervention by European and Japanese central banks depress the dollar to new lows against the euro, yen and pound.
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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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By Bloomberg News. The dollar declined further against the euro yesterday amid speculation that the European Central Bank would refrain from trying to stem a further rise in the value of its region&#39;s currency.
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The dollar sank 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 dollar continues its recent declines, falling against the euro as concerns grow about the US economy.
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The dollar fell against the euro and the yen on Wednesday in the wake of comments from the European Central Bank president suggesting the ECB was unlikely to intervene to stem the euro's rise.
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The US dollar sank anew against other major currencies yesterday, even though Japanese officials publicly raised the prospect of joining with European governments to brake its slide.
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The dollar sank on Friday as  persistent concerns over the U.S. economy and comments  throughout the week from European Central Bank and Federal  Reserve officials afforded the currency no respite.
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The dollar sank to an all-time low versus the euro for a third consecutive day on Thursday and fell to a 4-1/2 year trough on the yen, hit by concerns about US deficits and