Dollar Rises From Eight-Month Low Versus Euro as Indicator Signals Rebound
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The dollar rose from an eight-month low against the euro as a technical indicator suggested the U.S. currency was poised to advance, ending the longest losing streak since January 2003.
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The dollar rose more than half a percent  to four-week highs against the euro on Thursday, extending its  recent recovery as traders turned their focus to U.S. economic  data and the interest rate outlook.
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The dollar steadied two cents above last  week's record low against the euro on Friday after a batch of  upbeat U.S. data encouraged traders to snap up the currency  from cheap levels.
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The dollar rose against the euro and the  yen on Wednesday, but the rebound in thin trading was seen as  temporary and traders expect the U.S. currency to test record  lows versus the euro again in coming days.
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The dollar recovers from record lows against the euro, but analysts say underlying greenback weaknesses remain.
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The dollar edged higher against the euro  on Wednesday, after a downbeat outlook for European growth  prompted investors to buy back the U.S. currency after heavy  falls.
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The dollar rebounded on Monday after  last week's heavy sell-off but analysts were uncertain if the  rally would hold after fresh economic data suggested the  December U.S. jobs report due Friday might not live up to  market expectations.
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The euro surged to a near 8-month high  against the dollar and stock markets sank Wednesday as oil  prices steadied and investors dumped steelmakers amid growth  concerns and worries company profits may have peaked.
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The dollar roared higher on Tuesday as  investors unwound bets on a further near-term decline after the  currency had plumbed several record lows against the euro in  the final days of 2004.
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The dollar rebounded for a second session on Thursday as traders and investors took profits on bets against the US currency before the year draws to a close.
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The dollar tumbled to eight-month lows  against the euro and six-month troughs versus the yen on Monday  as worries persisted about the outlook for the U.S. economy.
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The dollar edged up on Friday, building  on the previous day's rebound from multi-year lows on  speculation that a strong reading for upcoming U.S. jobs data  could highlight the long-forgotten attraction of U.S. assets.
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The dollar rallied after dropping to a record low yesterday against the euro amid uncertainty about whether officials would intervene to curb the currency&#39;s slide.
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The euro rebounded against the dollar  on Friday to hit 8-1/2-month highs in technically-driven buying  which offset the effect of a much stronger-than-expected U.S.  employment report for October.
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The dollar fell to an eight-month low  against the euro on Thursday, also setting multi-month lows  versus the yen, sterling and the Swiss franc amid worries the  U.S. economy was not growing enough to support its currency.
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The dollar hit 8-month lows against the  euro and traded near multi-month lows against other major  currencies on Friday on worries about the U.S. economy and its  ability to attract global investors.
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The dollar gained against the euro on  Monday after a report on flows into U.S. assets showed enough  of a rise in foreign investments to offset the current account  gap for the month.